TCS To Decide On Share Buyback Next Week

India’s largest software exporter TCS said it will consider a share buyback at a board meeting next week.

Chandra-Gopi Combine Could Bring Tata Tech Units Under TCS

Rajesh Gopinathan, who will take over as the CEO of Tata group crown jewel Tata Consultancy Services on February 21, has big shoes to fill. But experts believe the 46-year-old will bring freshness into the company at a time when technology trends are shifting at an unprecedented pace.

Tata-Mistry Spat Unlikely To Hit TCS Operations: Analysts

The bitter boardroom battle at Tata Sons is unlikely to impact operations of the USD 100-billion conglomerate’s crown jewel TCS, but if its chief N Chandrasekaran is elevated to the top at the group level, it could be a blip on the firm’s business, say analysts.

How the TCS-Epic case could impact the IT services sector

Indian IT services companies with software platforms could be forced to rethink their operational set up after the massive fine imposed by a Wisconsin federal jury against TCS.

While TCS has denied the allegations of stealing healthcare software from American company Epic Systems, analysts say that it’s time for Indian tech firms to legally and physically separate their software divisions.

“IT firms need to be at an arm’s length from their software divisions and create a separate legal entity for them. Not only does the software unit require to be a separate legal entity, but the company should also ensure that the employees and management are also totally independent. Unless, that happens, such allegations cannot be ruled out,” said Sanchit Gogia, Chief Analyst & CEO of Greyhound Research.

Not many IT services companies currently follow this practice. Infosys separated its software product company, which remains a fully-owned subsidiary, in 2014.

Source: Hindu Business Line

Nasscom rejects Murthy’s ‘immigration agents’ comment on Indian IT firms

The National Association of Software and Services Companies (Nasscom) rejected NR Narayana Murthy’s comment wherein he called Indian IT firms as behaving like “immigration agents.”

Nasscom rejects Murthy’s comment calling Indian IT firms ‘immigration agents’

N R N Murthy, co-founder Infosys, may have stirred up a hornet’s nest by saying Indian IT firms behave like immigration agents, but the model that he claims he created to be less dependent on visa’s did not yield the desired results at Infosys, say industry sources.

Is TCS losing the race because of slow digital growth?

A favourite among investors at one time, Tata Consultancy Services is fast turning into a mammoth that is failing to evolve with time as others are fast catching up on the increasing demand for digital.

India’s largest software exporter’s enterprise value fell to ₹4.86 lakh crore by the end of December, a drop of over 6 per cent over the previous year. The company’s market capitalisation similarly slipped from ₹5.01 lakh crore in Q3 2015 to ₹4.80 lakh crore in the latest Q3, a slide of about 4.2 per cent.

A challenging year awaits Indian IT sector

The tepid third quarter performance of India’s largest IT exporter Tata Consultancy Services (TCS) is hardly good news for India’s overall IT sector. The company’s dollar revenue for the December quarter slipped 0.3 per cent over the previous quarter, beaten down by its India and Japan business, slowdown in the insurance business in the UK, as well as the Chennai floods.

TCS Q4 Net Profit Plummets 30%

Tata Consultancy Services has recorded a 30.7 per cent fall in net profit for the fourth quarter ended March 31, 2015, by a one-off bonus paid to employees, cross currency-movements and overall weakness in key sectors.

Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research’s quote on TCS Q4 result

Greyhound Research believes that with revenue growth of 1.1% in Q4, TCS holds a sturdy position in the market in terms of growth and competitive positioning. This growth in their revenue is surely accredited to their sharp focus on emerging technologies as well as emerging markets.

TCS Will Have To Run Harder To Stay Ahead Of The Pack

Over the past few years, Tata Consultancy Services (TCS) has increasingly turned out to be the bellwether for the Indian IT industry, a position long held by Infosys.

TCS Q4 Net Profit Plummets 30%

Tata Consultancy Services has recorded a 30.7 per cent fall in net profit for the fourth quarter ended March 31, 2015, by a one-off bonus paid to employees, cross currency-movements and overall weakness in key sectors.

Alarm bells: TCS red flags Q3 growth

Blames slowing revenue from financial services, impact of holidays. Slowing revenue from financial services clients and seasonal factors such as holidays and furloughs in key western markets may cause Tata Consultancy Services to report muted earnings growth for the quarter ending December 31.

#GreyhoundInMedia: TCS (@TCS_News) sees a jump in revenue from Tata Group companies (@TataCompanies), close to its ‘target $1 billion’ #Press #Media @EconomicTimes

Tata Consultancy Services, the information technology unit of the Tata Group, is more than a quarter of the way to its goal of garnering $1 billion (more than Rs 6,150 crore) in revenue from the group’s companies, two people with knowledge of the matter said.

#GreyhoundInMedia: Infosys (@Infosys) joins Indian peers in boosting hiring in US #Press #Media @Mint

Of these, 1,500 will be experienced professionals, while the rest will be hired from American colleges and universities

#GreyhoundInMedia: IT hits a speed breaker #Press #Media @ExpComputer

The traditionally strong September quarter saw an unusual and unexpected slowdown in what seems like winter setting in a bit too early for the country’s top IT services companies. The December quarter is usually the weakest for the companies, with long Christmas holidays and furloughs affecting quarterly performance.