
TCS doles out up to 8% salary hikes; staff strength crosses 6 lakh
TCS' staff strength stood at 606,331 as on June 30, a net addition of 14,136 during the quarter.
TCS' staff strength stood at 606,331 as on June 30, a net addition of 14,136 during the quarter.
TCS' revenue rises 16.2% YoY to ₹52,758 crore during the April-June quarter of 2022; TCS announces a dividend per share of ₹8
TCS is expected to register 3% QoQ growth in constant currency in Q1 FY23, while EBIT margins are expected to decline 110 bps quarterly to 23.9%.
TCS Q4 results: The IT major hit a record by hiring 35,209 employees in the March quarter and 103,546 in FY22, the highest ever net addition in any quarter and year.
Co is vigilant of the market situation but maintains a positive outlook on FY23.
TCS is expected to report 2.3% sequential growth in profit and 3.1 quarter-on-quarter (QoQ) growth in revenue for the March quarter of 2022.
The IT firm will explore other opportunities in Gift City.
The BSE Sensex declined as much as 1,540 points in opening trade, and the NSE Nifty tumbled 458 points in early deals amid broad-based sell-off.
Indian software services firms have outpaced their rivals from the United States in brand value growth over the past two years.
Indian share market ended a tad lower amid choppy trade on Friday as gains in capital goods, realty, and IT indices were offset by selling in the FMCG, pharma, bank and realty sectors.