TCS

2022 - 10 - 10

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TCS Q2 Results: Profit rises 8% YoY to Rs 10431 crore, beats ... (Economic Times)

TCS Q2 Results: TCS CFO Samir Seksaria said the company is steadily making its way towards achieving operating margin priority for the year, aided by ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Among major markets, North America led with 17.6% growth; Continental Europe grew 14.1% and the UK grew 14.8%. TCS added 9,840 employees during the quarter. The growth has broad-based across verticals, led by retail and CMI segments. In constant currency terms, the IT major's revenue grew 15.4% YoY. Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements," said TCS CEO and MD Rajesh Gopinathan.

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TCS attrition rate spikes to 21.5%, adds 9840 new employees in ... (Livemint)

While announcing its results for the second quarter of FY23, TCS' workforce stood at 616171, a net addition of 9840 employees during the quarter.

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TCS Q2 result: मुनाफा 8% बढ़कर 10465 करोड़ रुपए रहा, 8 रुपये प्रति ... (मनी कंट्रोल)

30 सितंबर 2022 को खत्म हुई दूसरी तिमाही में कंपनी की कॉन्स्टेंट करेंसी रेवेन्यू ग्रोथ ...

30 सितंबर 2022 को खत्म हुई दूसरी तिमाही में कंपनी की कॉन्स्टेंट करेंसी रेवेन्यू ग्रोथ पहली तिमाही के 3.5 फीसदी के मुकाबले 4 फीसदी पर रहा है। दूसरी तिमाही में कंपनी से नौकरी छोड़कर जाने वालों की दर में बढ़ोतरी देखने को मिली है। सितंबर तिमाही में तिमाही दर तिमाही आधार पर कंपनी का एट्रिशन रेट 19.70 फीसदी से बढ़कर 21.5 फीसदी पर आ गया है। 30 सितंबर 2022 को समाप्त तिमाही में टीसीएस का कंसोलिडेटेड एबिट तिमाही आधार पर 12186 करोड़ रुपये से बढ़कर 13279 करोड़ रुपये पर रहा है। जबकि एबिट मार्जिन 23.1 फीसदी से बढ़कर 24 फीसदी पर रहा है। [TCS](https://www.moneycontrol.com/india/stockpricequote/computers-software/tataconsultancyservices/TCS)) ने 30 सितंबर 2022 को खत्म हुए दूसरी तिमाही के नतीजे घोषित कर दिए हैं। जिसके मुताबिक दूसरी तिमाही में कंपनी का कंसोलिडेटेड नेट प्रॉफिट तिमाही आधार 10 फीसदी की बढ़त के साथ 10431 करोड़ रुपये पर रहा है। जो कि पिछले साल की इसी तिमाही में 9,478 करोड़ रुपये पर रहा था। बतातें चलें कि CNBC-TV18 के पोल में कंपनी का मुनाफा 10248 करोड़ रुपये पर रहने का अनुमान किया गया था।

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TCS Q2 results: Profit rises 8.4% YoY to Rs 10431 crore; TCV at ... (Business Today)

TCS said its Ebit margin for the quarter stood at 24 per cent against 23.10 per cent in June quarter and 25.6 per cent in the year-ago quarter.

MOST READ Therefore, at present we have 'SELL' rating on TCS," Shah said. The growth in key geographies was led by North America (up 17.6 per cent growth), continental Europe (up 14.1 per cent) and UK grew (up 14.8 per cent). The last twelve-month (LTM) IT Services attrition rate stood at 21.5 per cent, TCS said. Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements." Analysts were largely expecting a TCV of $8-8.5 billion. Revenue growth in constant currency (CC) terms stood at 15.4 per cent YoY, TCS said.

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TCS Q2FY23 results beat street estimates, net up 8.3% to Rs 10431 cr (Business Standard)

The country's largest IT firm Tata Consultancy Services (TCS) reported a consolidated net profit of Rs 10,431 crore for Q1FY23, an increase of 8.3 per cent ...

The revenue of the IT major grew 15.4 per cent to Rs 55,309 crore in constant currency, compared to Rs 46,867 crore a year ago. The revenue jumped 4.8 per cent against Rs 52,758 crore in Q1 FY23. This is against a net profit of Rs 9,624 crore in the year-ago period, [TCS](/topic/tcs) said in a regulatory filing. Operating margins shrank 1.6 per cent from a year ago. The retail sector posted the highest growth, of 22.9 per cent YoY. What brokerages expect](/article/markets/tcs-q1-revenue-may-rise-up-to-16-yoy-say-analysts-what-brokerages-expect-122070700498_1.html)

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TCS HR head provides update on work from office numbers | Mint (Livemint)

After calling employees to work from office last month, Indian multinational information technology services and consulting giant Tata Consultancy Services ...

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TCS Q2 net up 8.5% to Rs. 10465 cr (bizzbuzz)

Strong revenue growth: India's largest software exporter adds 9840 employees in Sept qtr taking total headcount to 6.16 lakh; Already onboarded 35000 ...

"We are steadily making our way towards achieving our operating margin priority for the year, aided by leverage from good growth, the flattening of the workforce pyramid, steadily improving productivity and currency support. Bengaluru: IT services major Tata Consultancy Services (TCS) reported a strong set of performance for the second quarter of FY23 with sound revenue growth along with improved operating margin. "As a full-services player, we are seeing demand resilience as we remain relevant to the client in all kinds of environment," he added.

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Tech giant TCS reports 8.4% rise in second quarter profit (Hindustan Times)

TCS is the first among its peers to report quarterly earnings, setting the tone for the industry, which has been benefitting from a pandemic-led boom in ...

30, from 96.24 billion rupees a year earlier. and Europe from where they draw a bulk of their revenue. TCS is the first among its peers to report quarterly earnings, setting the tone for the industry, which has been benefitting from a pandemic-led boom in demand.

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70% of TCS employees to get full variable pay in Q2 (Economic Times)

The company also said that it has brought onboard 20000 freshers this quarter, and “honoured” all the offers made amid a larger industry trend of delaying ...

[Subscribe](https://economictimes.indiatimes.com/subscription?newslettertype=div_3125&email=2&utm_source=newsletter&utm_medium=email&utm_campaign=DailyTop5)to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. TCS made a net addition of 9,840 people this quarter and onboarded close to 20,000 freshers. “Moonlighting, we believe, is an ethical issue and against the culture and core values in general,” said Lakkad reiterating the company’s stand on the issue. But TCS indicated that attrition has peaked and will be on a “downward” trend from here on. "We are going to pay 100% variable pay for 70% of employees… TCS, however, has not taken any action with regard to the emerging practice among the techies.

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TCS Fresher Addition: टीसीएस ने फ्रेशर्स को नहीं किया निराश, जिन्हें ... (ABP News)

TCS Fresher Addition: टीसीएस ने फ्रेशर्स को नहीं किया निराश, जिन्हें किया जॉब ऑफर उन्हें रख लिया ...

कंपनी ने मौजूदा वित्त वर्ष में पहले 40,000 फ्रेशर्स को हायर करने का एलान किया था. दरअसल हाल ही में ये मीडिया में ये खबर आई कि विप्रो (Wipro), इंफोसिस ( Infosys) और टेक महिंद्रा (Tech Mahindra) जैसी दिग्गज आईटी कंपनियों ने जिन छात्रों को ऑफर लेटर दिया हुआ था, पहले तो उनकी ज्वाईनिंग में 3 से 4 महीने की देरी की और बाद में उन्हें दिए गए ऑफर लेकर को रद्द कर दिया. कंपनी मौजूदा वित्त वर्ष में 10,000 से 12,000 और फ्रेशर्स को नौकरी दे सकती है.

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TCS net profit up 8.4% in Q2, Paytm sees uptick on lending (Economic Times)

Tata Consultancy Services kicked off earnings season for Indias information technology sector on Monday evening, reporting an 18% on-year jump in revenue ...

The value of loans disbursed through Paytm grew almost six-fold to Rs 7,313 crore, from Rs 1,257 crore in the September 2021 quarter. Catch up quick: The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China off from certain semiconductors made anywhere in the world with US equipment. A blockchain bridge is a tool utilised to transfer cryptocurrencies between different applications that run on the blockchain. Paytm, the buyer app, restricts orders to a five-km radius. An ET NOW poll of analysts had pegged the profit figure at Rs 10,285 crore. Continental Europe grew 14.1% and the UK grew 14.8%. Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements," said TCS CEO and MD Rajesh Gopinathan. TCS said it added 9,840 employees during the quarter. Segment wise, growth was led by retail and CPG (22.9%), communications & media (18.7%), and technology & services (15.9%). By the numbers: In constant currency terms, the IT major's revenue grew 15.4% YoY. Wipro and HCL Tech will declare their results on Wednesday, followed by Infosys on Thursday. The growth was spread across verticals.

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TCS says moonlighting ethical issue; no action taken against any staff (Business Standard)

The country's largest IT services exporter TCS on Monday said moonlighting is an "ethical issue" and against its core values but has not taken any action ...

In recent weeks, CXOs in the IT industry have been offering varied takes on the subject of moonlighting. He said that TCS has a long term commitment towards its employees and the employees also have a "reciprocal commitment" towards the company, and also acknowledged that at present its peers in the IT industry may have different views on the subject. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Over the past few months, the IT industry has been faced with a manpower shortage triggered by a high demand for services following the greater adoption of digitalisation following the pandemic. The country's largest IT services exporter TCS on Monday said moonlighting is an "ethical issue" and against its core values but has not taken any action against any staff. "Moonlighting we believe is an ethical issue and it is against our core values and culture," Lakkad said.

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TCS profit rises 8.38%, crosses Rs.10000 cr in Q2 (The Indian Express)

Total revenue for the quarter jumped 18 per cent to Rs 55309 crore from Rs 46867 crore. While constant currency revenue growth was at 15.4 per cent, ...

Among major markets, North America led with 17.6 per cent growth, continental Europe grew 14.1 per cent and the UK grew 14.8 per cent. Manufacturing as well as life sciences & healthcare verticals grew 14.5 per cent, while BFSI grew 13.1 per cent. TCS has the combination of contextual knowledge, technology expertise and execution rigor to deliver on this imperative,” Gopinathan said. Total revenue for the quarter jumped 18 per cent to Rs 55,309 crore from Rs 46,867 crore. Growth was led by retail and CPG (22.9 per cent), communications & media (18.7 per cent), and technology & services (15.9 per cent). Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements.”

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'Against our core value and culture', says TCS on moonlighting (Hindustan Times)

The IT multinational has a 'long-term commitment' towards its staff, and, in return, the employees, too, have a 'reciprocal commitment' towards the company, ...

[moonlighting policy](https://www.hindustantimes.com/business/swiggys-moonlighting-policy-allows-employees-to-take-up-external-projects-101659522845507.html ) for its staff, [those at Infosys](https://www.hindustantimes.com/business/what-is-moonlighting-the-practice-infosys-warned-its-employees-against-101663047026557.html ), as well as Wipro, have been warned to stay away from dual employment. late evening or night, and hence the reference to the moon. The second job can be done only after regular work hours, i.e. However, he acknowledged that his peers in the IT industry may have a different stand on the issue. Also Read

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Attrition woes may subside, says TCS; employee addition tapers down (Economic Times)

We believe our quarterly annualized attrition has peaked in Q2 and should see it taper down from this point, while compensation expectations of experienced ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). In Q2, TCS net added just 9,840 employees, which was the lowest in many quarters. The net quarterly addition has been in five digits in the last five quarters. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Notably, the employee additions at the leading software major slowed down considerably in the last quarter. The employee attrition rate inched up to 21.5% in the July-September quarter from 19.7% in April-June.

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TCS को सितंबर तिमाही में 8.3% का हुआ प्राॅफिट, रेवेन्यू 18% बढ़कर ... (Hindustan हिंदी)

दूसरी तिमाही में टीसीएस के कंसोलिडेटेड नेट प्राॅफिट में 8.3 प्रतिशत की बढ़ोतरी हुई है।

TCS को सितंबर तिमाही में 8.3% का हुआ प्राॅफिट, अब कंपनी बांटेगी मुनाफा TCS को सितंबर तिमाही में 8.3% का हुआ प्राॅफिट, रेवेन्यू 18% बढ़कर ₹55,309 हुआ, अब कंपनी बांटेगी मुनाफा [हिंदी न्यूज़](/) [बिजनेस](/business/)TCS को सितंबर तिमाही में 8.3% का हुआ प्राॅफिट, रेवेन्यू 18% बढ़कर ₹55,309 हुआ, अब कंपनी बांटेगी मुनाफा

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TCS Q2 Results: देश की सबसे बड़ी IT कंपनी ने पेश किए दमदार नतीजे, 6.16 ... (आज तक)

TCS Q2 Results: दूसरी तिमाही के नतीजे घोषित होने से पहले ही टीसीएस के शेयरों में तेजी देखने ...

हालांकि, वित्त वर्ष 2022-23 की इस दूसरी तिमाही में कंपनी छोड़कर जाने वाले कर्मचारियों की दर में भी तेजी आई है. टीसीएस नतीजे जारी करते हुए बताया कि चालू वित्त वर्ष की जुलाई-सितंबर तिमाही में सेवाओं से उसकी कुल आय में 18 फीसदी की वृद्धि दर्ज की गई और यह बढ़कर 54,309 करोड़ रुपये हो गई. इसके साथ कंपनी में कुल कर्मचारियों की संख्या बढ़कर 6.16 लाख हो गई है.

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TCS Q2 net profit up 8.4%, tops estimates | Mint (Livemint)

Firm wins more orders despite fears of clients cutting tech investments.TCS reported an order book of $8.1 billion, a growth of 15.4% from a year ago.

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TCS Q2 net profit climbs 8.4% to ₹10431 crore on 'sustained ... (The Hindu)

Revenue grew 18% to ₹55,309 crore. Constant-currency revenue growth was 15.4%. The company's board announced a dividend of ₹8 per share. With a net headcount ...

We are pleased that our office facilities are becoming once again the place of buzz with more and more of our employees and clients celebrating togetherness to realise their full potential.” We registered strong, profitable growth across all our industry verticals and in all our major markets,” he added. Ganapathy Subramaniam , said: “Our delivery leadership congregated during the quarter and we are raising the bar further on execution excellence with frameworks like Rigor in Transformation. “We closed the quarter on a strong note,” Rajesh Gopinathan, CEO and MD, TCS, told the media press. The company’s board announced a dividend of ₹8 per share. This is for the first time that the quarterly net profit crossed ₹10,000-crore mark.

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इंफोसिस और विप्रो के बाद अब TCS ने किया मूनलाइटिंग का विरोध, कहा- 'यह ... (मनी कंट्रोल)

टाटा कंसल्टेंसी सर्विसेज (TCS) ने सोमवार 10 अक्टूबर को एक बयान में मूनलाइटिंग (Moonlighting) को एक ...

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TCS to hire additional 10k-12k freshers in current year amid 21 ... (Business Standard)

"Attrition will need at least four quarters to come down to 20%. But the overall number of people leaving the company will come down significantly," said ...

While the top leaders said the [attrition](/topic/attrition) may moderate in coming quarters, it was expected to remain higher than the company’s target. [companies](/companies) are battling high attrition rates in the past few quarters. On moonlighting, Lakkad said it was an ethical issue and it was “against the core values and culture of TCS. When asked about the work model, Lakkad said one-third of the workforce was working from the office at least two times a week. The [attrition](/topic/attrition) rate for the company’s IT Services business stood at 21.5 per cent in the last twelve months (LTM). “Attrition will need at least four quarters to come down to 20 per cent.

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'Environment challenging': TCS management on global recession ... (Livemint)

TCS CEO Rajesh Gopinathan says that the current environment is challenging but cautions to remain vigilant, despite seeing demand resilience across all ...

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TCS could gap up to Infy ADR, up 2.9% at open on Nasdaq | Mint (Livemint)

TCS, whose profit crossed the ₹10000 crore mark on the basis of strong deal wins , had a positive rub off on the Infosys ADR which traded up 2.9% at ...

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TCS' North American Business Powers Q2 Growth | CRN (CRN)

North America accounted for just over half of Tata Consultancy Services' total worldwide revenue.

TCS has the combination of contextual knowledge, technology expertise and execution rigor to deliver on this imperative.” That North American revenue was up 17.6 percent over the $3.19 billion it reported for its second fiscal quarter 2022. TCS has the combination of contextual knowledge, technology expertise and execution rigor to deliver on this imperative,’ says TCS CEO and Managing Director Rajesh Gopinathan in a statement. TCS’ North American market led that growth, with revenue in that market growing 17.6 percent year over year. “As clients prepare for a more challenging environment ahead, technologies like cloud that have been embraced now have to be fully leveraged to realize the promised value. 16.7 percent for India, 19 percent for Latin America, 8.2 percent for Middle East and Africa, and 7.0 percent for Asia Pacific.

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TCS Hires 20000 Freshers in September Quarter, Says All Job ... (Outlook India)

According to media reports, TCS expects to hire nearly 10000 to 12000 more employees but will decide on these targets only after Q3 results.

While the overall hiring numbers, for the whole year were over 1 lakh, this time, it has decided to keep the mentioned numbers and achieve them. While the company had announced a hiring target of 40,000 for FY23, till now, it has reportedly not set fresh targets for the next quarter. Tata Consultancy Services (TCS), the country’s largest IT company has informed shareholders on its latest job offers and hiring process.

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TCS shares: Should you buy/hold the IT stock after Q2 results? | Mint (Livemint)

Shares of Tata Consultancy Services (TCS) plunged over a per cent on the BSE in Tuesday's early deals even after India's top IT company's Q2 FY23 results ...

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'An ethical issue': TCS says moonlighting is against company values ... (Business Today)

Similar views were expressed by TCS Chief Operating Officer N Ganapathy Subramaniam at the Business Today India@100 conference. He said, “Moonlighting is an ...

RECOMMENDED In a tweet posted in August, Premji stressed, “moonlighting is cheating- plain and simple.” Rishad Premji, executive director of the company has time and again clarified his stance on moonlighting. Similar views were expressed by TCS Chief Operating Officer N Ganapathy Subramaniam at the Business Today India@100 conference.

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Why TCS Q2 results failed to lift its shares, price targets (Business Today)

Tata Consultancy Services (TCS) September quarter results beat Street estimates on revenue and margin fronts, but marginally. Attrition remained high ...

For the quarter, TCS reported a net headcount addition of 9,840 employees against a net addition per quarter of 25,800 in FY22. Nomura India finds the stock Rs 2,620-worth, which suggests a 16 per cent potential downside. Owing to its steadfast market leadership position and best-in-class execution, the company has been able to maintain its industry-leading margin and demonstrate superior return ratios," Motilal Oswal Securities said while suggesting a target of Rs 3,580 on the stock. Growth in CC terms was above consensus estimates, but lower in dollar terms due to higher cross-currency headwinds. We note higher uncertainty in Europe due to energy security issue in the upcoming winter," Nomura said. On Tuesday, the scrip was trading at Rs 3,091.50, down 0.95 per cent.

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