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An analysis of employment contracts of top IT leaders shows that in recent years, payments to exiting CEOs at companies such as Tata Consultancy Services (TCS), Cognizant and Wipro have ranged from Rs 48 crore to Rs 92 crore.
For years, it has been customary for IT services companies to announce large deal wins. Investors get excited by those big-dollar numbers. A careful reading of the fine print around such deal wins reveals a lot more than what meets the eye.
Buy call for the Rs 4,700 call option (May) of LTIMindtree with a target price of Rs 100 and a stop loss at Rs 80
Krithivasan also said that TCS is working on projects of generative AI and it has doubled quarter over quarter to be worth $900 million at the end of fourth quarter as reported by Financial Times. He said that the order flow to'increase significantly' for the next few quarters
Total headcount for Tech Mahindra declined by 795 from the previous quarter to 145,455, and falling by 6,945 from 152,400 employees a year ago.