Tata Consultancy Services Ltd

(TCS)

TCS Market Cap Drops Amid Share Price Decline - 13 Nov, 2024

Tata Consultancy Services experienced a 0.94% drop in share price, leading to a market capitalization decline of ₹14,255 crore, closing at ₹4,158.00.

TCS Optimistic About Future Under Trump Presidency - 12 Nov, 2024

Indian IT companies, including TCS, express optimism regarding business-friendly measures anticipated from the upcoming US administration, particularly benefiting the BFSI sector.

TCS Reports Earnings Amid Variable Pay Concerns - 11 Nov, 2024

TCS reported a 5% YoY profit increase for Q2FY25, while senior employees faced reduced variable pay. The company also added clients and joined MSCI World Indices.

TCS Reports Headcount Growth Amid Variable Pay Cuts - 09 Nov, 2024

Tata Consultancy Services reported a net headcount increase of 5,726 employees in Q2 FY25. However, variable pay for senior staff was cut by 20-40% despite compliance with in-office attendance policies, reflecting challenges in the demand environment.

TCS Secures Contracts Amid Variable Pay Cuts - 08 Nov, 2024

TCS has secured a multi-year contract with Air France-KLM for cloud transition and signed an agreement with NSDC for skill assessments. However, it has reduced variable pay for senior employees due to weak demand, highlighting ongoing challenges in the IT sector.

TCS Secures Major Deal Amid Mixed Earnings Report - 07 Nov, 2024

TCS shares surged over 4% following positive market sentiment and a significant cloud migration deal with Air France-KLM, despite missing Q2 earnings estimates.

TCS Shares Rise on Trump Election Optimism - 06 Nov, 2024

Tata Consultancy Services Ltd. shares increased by 3.03% as market sentiment improved with the likelihood of Donald Trump winning the 2024 US Presidential election, boosting IT sector stocks.

TCS Shows Positive Outlook Amid Strong Q2 Results - 05 Nov, 2024

Tata Consultancy Services Ltd's recent Q2 results indicate a positive outlook, supported by a significant rise in the BSE IT Index over the past six months.

TCS Reports Earnings and Marathon Milestone - 04 Nov, 2024

Tata Consultancy Services achieved a significant milestone with the Sydney Marathon's recognition as an Abbott World Marathon Major and reported a 5% YoY profit increase in Q2.

TCS Secures Major Telecom Contract Under Atma Nirbhar Bharat - 02 Nov, 2024

Tata Consultancy Services, as part of a consortium, has been awarded a Rs. 24,500 crore contract to supply 4G equipment for 100,000 new telecom towers under the Atma Nirbhar Bharat initiative.

TCS Faces Market Challenges Amid Growth Plans - 31 Oct, 2024

TCS experiences a mixed day with a significant drop in stock price while announcing plans to hire 40,000 employees and securing major contracts for 4G deployment.

TCS Reports Growth and New Partnerships - 30 Oct, 2024

TCS announces a significant partnership with Ireland's DSP for pension enrolment, hires 5,726 employees, reports a 5% profit increase, and invests in South America.

TCS Wins Major Contract in Ireland - 29 Oct, 2024

Tata Consultancy Services has signed a significant 15-year deal with Ireland's Department of Social Protection to implement the My Future Fund retirement savings scheme, benefiting around 800,000 workers. This contract highlights TCS's expertise in managing similar projects and reinforces its commitment to the Irish market.

TCS Partners with NVIDIA for AI Solutions - 28 Oct, 2024

Tata Consultancy Services has partnered with NVIDIA to establish a specialized unit aimed at accelerating AI adoption across various industries, leveraging TCS's expertise and NVIDIA's technology.

TCS Reports Q2 Performance and New AI Unit - 25 Oct, 2024

Tata Consultancy Services reported a 24.1% operating margin in Q2, a slight decline. The company also launched a new AI business unit with Nvidia to drive technology adoption across industries.

TCS Strengthens AI Offerings with NVIDIA Partnership - 24 Oct, 2024

Tata Consultancy Services has announced an expanded collaboration with NVIDIA to enhance AI adoption across industries, establishing a new business unit under the AI.Cloud platform. This initiative aims to provide customized AI strategies and solutions, leveraging over five years of partnership with NVIDIA.

TCS Advances BSNL 4G Deployment Efforts - 23 Oct, 2024

Tata Consultancy Services has successfully deployed equipment for BSNL's 4G enrollment plan, enhancing connectivity by activating nearly 59,000 sites and adding more recently.

TCS Stock Declines Amid Market Pressure but Shows Resilience - 22 Oct, 2024

Tata Consultancy Services (TCS) stock fell to Rs 4,071 amid broader market selling, yet maintains a P/E ratio of 29.76. Analysts remain optimistic, with a target price of Rs 4,700, citing strong fundamentals and demand for digital services.

TCS Reports Headcount Growth Amid Order Book Decline - 21 Oct, 2024

Tata Consultancy Services (TCS) experienced a net headcount increase for two consecutive quarters, while its order book declined significantly due to fewer mega deals. Analysts noted TCS's effective management of aging businesses.

TCS Reports Growth and Expands Hiring Plans - 20 Oct, 2024

Tata Consultancy Services reported a 5% rise in net profit to Rs 11,909 crore for Q2 FY2025, with a revenue increase of 7.6% to Rs 64,259 crore. The company added over 11,000 employees in the first half of the year and has commenced campus hiring for FY26, focusing on higher cadre trainees.