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TATA Consultancy Services (TCS) beat the market outlook by posting decent Q2 numbers following in Infosys path.
The net profit was at Rs 1,640 crore vs Rs 1,533 crore QoQ (Quarter-on-Quarter). The results are up 3.2% QoQ and 6.9% YoY.
TCS is expected to announce Full VA for its employees for the Q2 this month.
The positive results is expecte to boost IT stocks in the market despite Climbing Rupee.
Well you can fake your internal Employee Satisfaction survey, but an independent Survey is a big no no for Indian IT heavyweights like TCS,Infosys,Wipro and Microsoft India.
Well all the top names of Indian IT chose not to participate in the Annual Dataquest Best Employer survey citing recession as reason, admitting the fact that employees are unhappy with these companies. Every year these companies flaunt the Dataquest results internally and to media in a big way, but not to participate this year in itself shows the true nature of India’s top companies.
It is little childish to behave in this way considering that these companies talk so much about Employee improvement , transparency, Corporate Social Responsibility etc. It could well be that all these companies formed a syndicate to skip the annual survey.
Funny though TCS in its part showed a 1% improvement in its annual employee satisfaction survey Pulse 2009.
HCL on the other hand chose to participate and came on top of the charts followed by iGate , Rolta India,RMSI and SAS institute. Follow the Below links
Data Quest Best IT Employer 2009 Top 20 list