Tata Consultancy Services

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Software Companies India Latest News And Updates

TCS posts robust net growth in first quarter
July 10, 2015 10:24 AM
Tata Consultancy Services (TCS) on Thursday set the tone for the Indian IT industry with robust net and volume growth in the first quarter (April-June) of this fiscal (2015-16). The global software major reported net profit of Rs.5,709 crore in the quarter under review (Q1), a whopping 48 percent sequential growth from the last quarter (January-March) at Rs.3,858 crore and 12.9 percent year-on-year (YoY) from Rs.5,058 crore in the like period a year ago. The city-based outsourcing firm said revenue, however, grew 6 percent sequentially to Rs.25,668 crore from Rs.24,220 crore in previous quarter and 16 percent YoY from Rs.22,111 crore in the same period a year ago. Under the International Financial Reporting Standard (IFRS), net income for the quarter is up 45 percent sequentially to $898 million from $621 million in the last quarter and 6.2 percent YoY from $845 million in the same period a year ago. Source: IANS
'US begins probe into alleged visa violation by TCS, Infosys'
June 13, 2015 10:28 AM
The US government is learnt to have begun investigating alleged H1-B visa violations by Indian software majors Tata Consultancy Services (TCS) and Infosys Ltd, according to a US media report. The US labor department has opened the investigation against TCS and Infosys for "possible violations of rules for visas for foreign technology workers under contracts they held with an electric utility Southern California Edison", a leading New York daily said on Friday. A H1-B visa, which permits a foreign national to work in the US for a maximum of six years, is granted to overseas outsourcing firms for sending their skilled employees to work on onsite projects of their clients in north America. Source: IANS

About Tata Consultancy Services

Tata Consultancy Services, the key player in the IT services and business solutions area has attained for themselves a quality that none can match. Their services are mainly consulting based, with an integrated IT and ITes portfolio. They have a unique Global Network Delivery Model – which is supposed to be the yardstick of superiority in software development.

Tata Consultancy Services is a part of the Tata group (the largest industrial conglomerate of India). They are spread across 42 countries with more than 130,000 IT consultants. They had registered consolidated revenue of USD 5.7 billion for the FY 2007-08. With its excellence in service, TCS has been listed on the National Stock Exchange and Bombay Stock Exchange in India.

Services and Solutions

TCS has always helped the clients optimize the business processes to get maximum efficiency. TCS offers the following solutions:
  • IT services
  • IT infrastructure services
  • Enterprise solutions
  • Consulting
  • Business process outsourcing
  • Business intelligence and performance management
  • Engineering and industrial services
  • IT and business solutions for SMEs

Industry verticals
The competition in the Indian IT industry is fierce. But TCS has been able to direct their goals in a manner that their business targets are achieved. Some industries that TCS serves are:
  • Banking and financial services
  • Insurance
  • Telecom
  • Media and information services
  • Government
  • Healthcare and life sciences
  • Energy and utilities
  • Retail and FMCG
  • Travel, transport and hospitality
  • Manufacturing
  • High-tech and professional services

Direct subsidiaries:
  • AP Online (India)
  • C-Edge Technologies (India)
  • CMC (India)
  • Diligenta (UK)
  • Exegenix Canada Inc (Canada)
  • Tata America International Corporation (USA)
  • Tata Consultancy Services Asia Pacific Pte (Singapore)
  • Tata Consultancy Services Belgium SA (Belgium)
  • Tata Consultancy Services Deutscheland GmbH (Germany)
  • Tata Consultancy Services France SA (France)
  • Tata Consultancy Services Netherlands BV (Netherlands)
  • Tata Consultancy Services Sverige AB (Sweden)
  • Tata Consultancy Services Switzerland Ltd (Switzerland)
  • Tata Infotech (Singapore) Pte (Singapore)
  • Tata Infotech Deutscheland GmbH (Germany)
  • TCS FNS Pty (Australia)
  • TCS Iberoamerica SA (Uruguay)
  • WTI Advanced Technology (India)

Indirect subsidiaries:
  • CMC Americas Inc (USA)
  • Swedish Indian IT Resources AB (Sweden)
  • Tata Information Technology (Shanghai) (China)
  • Tata Consultancy Services Solution Center SA (Uruguay)
  • TCS Argentina SA (Argentina)
  • TCS Brazil S/C (Brazil)
  • Tata Consultancy Services de Mexico SA De CV (Mexico)
  • TCS Inversiones Chile (Chile)
  • Tata Consultancy Services de Espana SA (Spain)
  • Tata Consultancy Services Do Brasil SA (Brazil)
  • Tata Consultancy Services Chile SA (Chile)
  • TCS Italia SRL (Italy)
  • Tata Consultancy Services Japan (Japan)
  • Tata Consultancy Services Malaysia SDN BHD (Malaysia)
  • Tata Consultancy Services Luxembourg SA Capellen (GD de Luxembourg)
  • Tata Consultancy Services Portugal Unipesoal (Portugal)
  • Tata Consultancy Services Chile (Chile)
  • Comicrom SA (Chile)
  • Sisteco SA (Chile)
  • Syscrom SA (Chile)
  • Pentacrom SA (Chile)
  • Pentacrom Servicios SA (Chile)
  • Custodia De Documentos Intres (Chile)
  • Financial Network Services (Holdings) Pty (Australia)
  • Financial Network Services Pty (Australia)
  • Financial Network Services (Facilities Management) Pty (Australia)
  • Financial Network Services (Europe) plc (UK)
  • Financial Network Services Malaysia Sdn Bhd (Malaysia)
  • TCS Financial Network Services (Indonesia)
  • Chong Wan Investments (Hong Kong)
  • Financial Network Services (Africa) Pty (South Africa)
  • Financial Network Services Chile (Chile)
  • Financial Network Services (HK) (Hong Kong)

Financial highlights (for quarter ended September 30, 2009)
  • Q2 revenues stood at Rs 7,435 crore; up 6.9% Y-o-Y
  • Q2 Net Profit touched Rs 1,642 crore; up 29.2% Y-o-Y
  • Q2 saw 30 new clients being added
  • Around 5,530 employees joined TCS in Q2
  • Attrition was observed at 11.4% LTM (including BPO)
  • The quarterly dividend was Rs 2 per share
  • EPS was at Rs 8.38 in Q2

Contact details
TCS House
Raveline Street
21 DS Marg
Fort, Mumbai 400 001
Phone: +91 (22) 6778 9999
Fax: +91 (22) 6778 9000
Email: corporate.office@tcs.com
Website: www.tcs.com

Tata Consultancy Services
For more information contact : solutions@mapsofindia.com
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