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Tata Consultancy Services Ltd (TCS.NS)

TCS.NS on National Stock Exchange of India

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Latest Key Developments (Source: Significant Developments)

India's Tata Consultancy Services June-Quarter Consol Net Profit Falls
Thursday, 9 Jul 2020 

July 9 (Reuters) - Tata Consultancy Services Ltd ::JUNE-QUARTER CONSOL NET PROFIT 70.08 BILLION RUPEES VERSUS PROFIT OF 81.31 BILLION RUPEES YEAR AGO.JUNE-QUARTER CONSOL REVENUE 383.22 BILLION RUPEES VERSUS 381.72 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR JUNE QUARTER CONSOL NET PROFIT WAS 77.05 BILLION RUPEES -- REFINITIV DATA.JUNE-QUARTER OPERATING MARGIN 23.6%.JUNE-QUARTER CONSOLIDATED HEADCOUNT 443,676.JUNE-QUARTER IT SERVICES ATTRITION RATE AT 11.1% LTM.  Full Article

India's TCS Gets Letter From Markets Regulator Warning On Disclosures
Friday, 29 May 2020 

May 29 (Reuters) - Tata Consultancy Services Ltd ::GETS LETTER FROM MARKETS REGULATOR WARNING CO TO BE CAREFUL WITH DISCLOSURES.REGULATOR LETTER RELATING TO LAWSUIT FILED BY EPIC SYSTEMS IN U.S. COURT AGAINST CO.  Full Article

First Derivatives Signed Global Partnership Agreement With Tata Consultancy Services
Tuesday, 19 May 2020 

May 19 (Reuters) - First Derivatives PLC ::SIGNED A GLOBAL PARTNERSHIP AGREEMENT WITH TATA CONSULTANCY SERVICES.AGREEMENT TO DEVELOP & DEPLOY SOLUTIONS BASED ON KX TECH & TARGETED AT TCS'S CLIENT BASE ACROSS MULTIPLE INDUSTRIES.  Full Article

India's TCS Expects Revenue Impact Due To Current Environment In Next Qtr
Thursday, 16 Apr 2020 

April 16 (Reuters) - Tata Consultancy Services Ltd ::CEO SAYS WILL ENSURE EVERY JOB OFFER MADE SO FAR IS HONOURED, DO NOT SEE ANY RETRENCHMENT.CEO SAYS IMPACT ON REVENUE DUE TO CURRENT ENVIRONMENT GOING TO COME IN NEXT QUARTER.CEO SAYS IMPACT IS BROAD-BASED ACROSS ALL VERTICALS DUE TO LOCKDOWNS.CFO SAYS WILL OPTIMISE ALL COSTS IN SHORT-TERM.EXEC SAYS HAVE DECIDED NOT TO GIVE SALARY INCREMENTS AT THIS POINT.EXEC SAYS EXPECT HUGE BOOST TO DIGITAL SERVICES IN MEDIUM TO LONG TERM.  Full Article

Tata Consultancy Services Posts Fall In Qtrly Profit
Thursday, 16 Apr 2020 

April 16 (Reuters) - Tata Consultancy Services Ltd ::MARCH QUARTER CONSOL REVENUE 399.46 BILLION RUPEES VERSUS 380.10 BILLION RUPEES YEAR AGO.MARCH-QUARTER CONSOL NET PROFIT 80.49 BILLION RUPEES VERSUS PROFIT OF 81.26 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR MARCH QUARTER CONSOL NET PROFIT WAS 82.42 BILLION RUPEES -- REFINITIV DATA.PANDEMIC COMPLETELY REVERSED POSITIVE MOMENTUM WE HAD STARTED SEEING IN SOME OF OUR BIGGEST VERTICALS IN FIRST HALF OF QTR.  Full Article

Tata Consultancy Services: March Quarter Net Addition Of 1,789 Employees
Thursday, 16 Apr 2020 

April 16 (Reuters) - Tata Consultancy Services Ltd ::MARCH QUARTER NET EMPLOYEE ADDITION 1,789 EMPLOYEES.  Full Article

India's Tata Consultancy Services Declares Interim Dividend Of 12 Rupees/Share
Tuesday, 10 Mar 2020 

March 10 (Reuters) - Tata Consultancy Services Ltd ::DECLARED INTERIM DIVIDEND OF 12 RUPEES/SHARE.  Full Article

Tata Consultancy Services Extends Term Of V. Ramakrishnan As CFO Up To April 30, 2021
Thursday, 13 Feb 2020 

Feb 13 (Reuters) - Tata Consultancy Services Ltd ::EXTENDED TERM OF V. RAMAKRISHNAN AS THE CHIEF FINANCIAL OFFICER UP TO APRIL 30, 2021.  Full Article

Indian IT Lobby Group Says India's IT-BPM Sector Generated Revenues Of $191 Bln In FY2020
Wednesday, 12 Feb 2020 

Feb 12 (Reuters) - NASSCOM::INDIA'S IT-BPM SECTOR GREW 7.7% YOY, GENERATED REVENUES OF $191 BILLION IN FY2020.60% CEOS EXPECT TECH SPENDS TO GROW IN DEVELOPED MARKETS IN SIMILAR RANGE AS 2019, ACCORDING TO NASSCOM CEO SURVEY.ON TRUMP'S INDIA VISIT: BIGGEST ASK TO PRESIDENT TRUMP WOULD BE TO TREAT HIGH-SKILLED TALENT MOBILITY SEPARATELY FROM IMMIGRATION.  Full Article

Tata Consultancy Services, Qualcomm To Launch Hub For AI Solutions
Wednesday, 20 Nov 2019 

Nov 20 (Reuters) - Tata Consultancy Services Ltd ::TCS COLLABORATES WITH QUALCOMM TO LAUNCH HUB TO DEVELOP AI SOLUTIONS WITH 5G.  Full Article

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TCS profit misses estimates, pandemic hits client spending

BENGALURU Indian software company Tata Consultancy Services Ltd (TCS) posted a near 14% drop in first-quarter profit on Thursday, that also missed estimates, as the COVID-19 pandemic forced its clients to cut spending on IT services.

No consensus analysis data available.