TCS commits to continue investing in UK economy ANI | Updated: Feb 10, 2021 10:41 IST
Mumbai (Maharashtra) [India], February 10 (ANI): Tata Consultancy Services (TCS) said on Wednesday it will recruit 1,500 technology employees across the United Kingdom over the next year.
The announcement followed Monday s meeting here between visiting UK Trade Secretary Liz Truss and TCS Chief Executive Officer Rajesh Gopinathan in which they discussed the company s commitment to continue investing in the UK s economy, innovation, technology sector and in developing workforce skills.
The announcement builds on TCS s 45-year history in the UK. Consistently ranked number one in customer satisfaction in one of Europe s largest independent surveys, the Indian IT software major has grown its business in the UK almost four-fold over the last decade entirely organically, making it one of the largest providers of IT and IT-enabled services in the nation.
TCS Brand Value Rises By $1 4 Billion In 2020; Highest Among IT Services Globally moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
TCS revenue in terms of constant grew at 4.1 per cent sequentially.
Shares of the country s largest software services company, Tata Consultancy Services (TCS), rose as much as 3.32 per cent to hit record high of Rs 3,224 on the BSE after it reported stronger than expected December quarter earnings post market hours on Friday on the back of higher demand for its cloud services during the Covid-19 pandemic. TCS shares surged a whopping 33 per cent in calendar year 2020, outperforming the Nifty which rose 15 per cent.
TCS net profit rose to Rs 8,701 Crore in the three months to December 31, 2020, from Rs 8,118 Crore a year earlier. Analysts on average had expected a profit of Rs 8,401 crore, according to Refinitiv data. Revenue from operations jumped 5.4 per cent to Rs 42,015 Crore.
IT Giant TCS Beats Estimates After Covid Drives Digital Boom
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(Bloomberg) Tata Consultancy Services Ltd. beat expectations and forecast a return to double-digit growth in FY22 after record deal wins underscored a global shift toward digitization during the pandemic.
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Asia’s largest software outsourcing provider reported profit rose 7% to 87 billion rupees ($1.2 billion) in the quarter ended December, compared with the average estimate of 85.9 billion rupees. Sales climbed to 420.2 billion rupees from 398.5 billion rupees in the same period a year earlier.
“The pandemic has provided the right fillip for large-scale adoption of digital technologies,” Chief Executive Officer Rajesh Gopinathan said during a post-earnings video conference. “We are confident of being back on double-digit growth trajectory in FY22.” The comment on the outlook is a departure for TCS which doesn’t provide forecasts.