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TCS Pays 100% Variable Pay For Employees After Blockbuster Q3 Results

TCS pays 100% variable pay for employees after blockbuster Q3 results
For the December 2020 quarter, the company’s revenue grew 2.1 percent y-o-y to $5.7 billion, after declining 7.8 percent and 2.1 percent in Q1 and Q2, respectively. TCS is confident about getting back on to a double digit growth trajectory in FY22 as it anticipates a multi-year technology transformation cycle.
January 11, 2021 / 11:04 PM IST
India’s largest IT services provider TCS rolls out 100 percent variable pay for its employees for the quarter ending December 2020 after its blockbuster results.
In a note to employees, Milind Lakkad, Chief Human Resources, TCS said, “We will be paying 100% of the Quarterly Variable Allowance (QVA) this quarter (Q3) for all grades applicable under this plan.” ....

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Pandemic has put us on new tech upcycle: TCS CEO Rajesh Gopinathan

TCS CEO Rajesh Gopinathan (File photo)
BENGALURU: IT major TCS’s third quarter results announced on Friday indicated a sharp recovery from the lows in the early months of the pandemic. In an exclusive interaction with TOI after the results, TCS CEO Rajesh Gopinathan talked about the surge in demand for cloud. He said cloud will enable a whole new set of transformation opportunities for enterprises. Excerpts:
The revenue growth from Q2 to Q3 was TCS’s best in nine years. What does this indicate to you?
It’s a validation of many of the themes we have been speaking about for quite some time. Speaking about the pandemic, we had shared how the impact will be deep and we should be able to recover, as technology is at the heart of the solutions (for revival). ....

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TCS Confident About Getting Back To Double-digit Growth In FY22: CEO Rajesh Gopinathan

TCS Confident About Getting Back To Double-digit Growth In FY22: CEO Rajesh Gopinathan
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.

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TCS says this was their strongest autumn in nine years thanks to COVID

TCS says this was their strongest autumn in nine years thanks to COVID
Rounak JainJan 8, 2021, 19:55 IST
Tata Consultancy Services (TCS) announced Q3 resultsIANS
Tata Consultancy Services announced its December quarter results, posting double-digit growth of 16.4% in its overall profit.
This is the strongest December quarter for TCS in nine years, thanks to COVID-induced acceleration in tech adoption.
TCS also announced an interim dividend of ₹6 per share, adding to the ₹12 per share dividend announced in the September quarter.Tata Consultancy Services (TCS) has beaten market expectations and delivered another winning performance in the quarter ending December 2020. It reported its strongest third quarter results in nine years, thanks to COVID-induced acceleration in tech adoption. ....

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TCS Q3 profit jumps 7% YoY to Rs 8,701 cr, announces dividend at Rs 6/share

IT major Tata Consultancy Services on Friday posted a 7.18 per cent year-on-year (YoY) rise in its December quarter (Q3FY21) profit at Rs 8,701 crore. The firm had posted a profit of Rs 8,118 crore in the same quarter last year (Q3FY20).
On quarter-on-quarter (QoQ) basis, the profit grew 16.4 per cent from Rs 7,475 crore posted for the quarter ended September 2020 (Q2FY21). The number beat Street estimate which was factoring-in a 3-8 per cent year-on-year (YoY) growth in Q3 net profit. ICICI Direct, for instance, had projected a 5.7 per cent YoY jump in PAT. The September quarter net profit had a post-tax one-time impact of Rs 958 crore due to provision for ongoing litigation with EPIC, the company said in a press release. ....

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