Volume growth and performance of the banking, financial services and insurance (BFSI) division will be a key aspect as the Indian information technology services sector draws closer to announce its first quarter results for 2012-13.
At the end of last quarter, Tata Sons held 144,34,51,698 total shares or 73.75 per cent stake in TCS, out of which 7,95,00,000 shares were pledged.
Besides having Indians in top management, the IT major is working to make the country an innovation hub to drive business in Europe.
Relative to its competitors such as Infosys, Wipro and TCS, Cognizant's spending on sales and marketing is 50% higher, says an expert.
Interview with CFO & vice-president, Tata Consultancy Services
Experts are of the opinion that though digital services hold the future, the companies are likely to take a hit during the transition period.
Seasonal weakness may result in modest sequential revenue growth for large Indian IT firms in the January-March 2016 quarter, analysts said.
When big companies such as Infosys and Wipro are forecasting minor growth this financial year, TCS is all set to break the trend.
Demand is driven by smaller deals in the US, larger ones in Europe.
Tata Consultancy Services (TCS) has emerged as the biggest wealth creator over the past five years.
'One of the strategies is to pick deals carefully. That means looking at sectors like energy, banking, insurance and also doing outsourcing.'
Analyst are cautious about the performance of IT services sector from January to March quarter (Q4) of FY24 and the first half (H1) of FY25. While the Bloomberg consensus on revenue implies the market is expecting 2-3 per cent growth on a quarter-on-quarter (Q-o-Q) basis for the IT majors through FY25, the H1FY25 is likely to see even flatter returns, and Q4FY24 is likely to be poor. There is likely to be some recovery in the second half (H2FY25) but even so, there's a chance that the market will be overall disappointed.
Tata Consultancy Services, India's largest IT company, sold 50 per cent stake in Intelenet Global Services Ltd to Housing Development Finance Corporation Ltd for Rs 161 crore (Rs 1.61 billion).
It also gave an upbeat growth outlook, sending its shares up the most in more than eight months.
In June alone, Rs 13,000 crore (Rs 130 billion) worth shares were released.
Infosys Ltd's refocus on big-ticket contracts since the return of its founder has begun to pay off as India's No. 2 software services exporter crossed $2 billion in quarterly sales for the first time and pushed up its revenue outlook.
Sikka will take over from current Chief Executive SD Shibulal, one of the engineers who founded Infosys, on August 1.
In tougher times, there seems to be an overwhelming focus on managing the large or anchor clients.
The stock market comes full circle; pharma also gains prominence, courtesy rupee depreciation
Firms are increasingly launching health initiatives for their employees to reduce stress, revitalise body -- it also helps keep people occupied.
The top four Indian IT firms have cash reserves of nearly $15 billion with TCS alone holding $5.9 billion in reserves, followed by Infosys with $3.6 billion, and Wipro with $3.4 billion. HCL Technologies has cash reserves of $1.75 billion.
The IT sector's fresher hiring is expected to rise by 20% to 25% for 2024-2025. The increase in hiring is driven by a focus on specialised skills catering to segments like AI, machine learning and data analytics.
The newest CEO in the Tata group brings an aggressive pace and style to India's largest IT consultancy firm.
Tata Consultancy Services said quarterly consolidated net profit surged 49.6 percent, its fastest pace of increase in at least two-and-half years, helped by increasing demand for outsourcing services in the United States and Europe.
India must diversify its services trade away from low-cost programming if it is to remain an IT-enabled hub.
The company, however, posted a marginal increase of 1 per cent in its consolidated revenue at Rs 29,584 crore
Besides Florida and Louisiana, the Houston Consulate provides service to Indian community and businesses in Alabama, Arkansas, Georgia, Kansas, Mississippi, Oklahoma and Texas states.
The facility will cater to govt services that require Inpact Level 3 security.
Post Q1 results, the stock rallied 8% compared to 2% rise in S&P BSE Sensex and 4% gain in S&P BSE IT index.
The June quarter is usually considered as a seasonally strong period for the IT sector.
Work should not flow; it should get done, said N Chandrasekaran.
'Both campuses and talent should brace for a low-velocity campus hiring season that might extend into the off-campus period.'
Tatas' best bet would be to find an insider who understands the systems, say headhunters
The company has created eight stacks of related operating units, and the stack heads will report directly to chief executive officer N Chandrasekaran.
