![]() Market participants have been keenly watching TCS for signals on the demand outlook for the sector, which is staring at the possibility of a recession in the US and Europe from where they draw a bulk of their revenue.The advantages of Ea Lock Profit are: 1. The company's order book for July-September stood at $8.1 billion. TCS also said it expected attrition to "taper down from this point, while compensation expectations of experienced professionals moderate". With normalizing wage expectations and talent supply catching up across the industry, the company expects attrition to start to taper down in H2," the company said in a stock exchange filing. ![]() IT services attrition was 21.5% on the last twelve months’ basis. The workforce continues to be very diverse, comprising 157 nationalities and with women making up 35.7% of the base. "TCS’ workforce was at 616,171 as on September 30, 2022, a net addition of 9,840 during the quarter. TCS has the combination of contextual knowledge, technology expertise and execution rigor to deliver on this imperative.” 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. Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements. We registered strong, profitable growth across all our industry verticals and in all our major markets. Rajesh Gopinathan, Chief Executive Officer and Managing Director, said: “Demand for our services continues to be very strong. The company's board approved dividend of Rs 8 per share. ![]() On Monday, TCS stock on NSE closed nearly 2% higher at Rs 3,124. However, the Mumbai-headquartered IT major saw its operating margin narrow by 1.60 percentage points to 24%. The firm's consolidated revenue from operations rose 18% to Rs 55,309 crore in Q2FY23 as against Rs 46,867 crore in Q2FY22. It reported consolidated net profit of Rs 9,624 crore in the year-ago period. ![]() IT major Tata Consultancy Services (TCS) on Monday reported 8% increase in consolidated net profit at Rs 10,431 crore for the quarter ending Septem(Q2FY23) on the back of strong deal wins. ![]()
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