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Tag: TCS/ Competitor / IT News (page 2 of 4)

TCS takes first step for global IT brand

Nobody ever got sacked for choosing IBM and neither should anyone for choosing TCS. That’s the ostensible reason for India’s largest IT company, the $4-billion TCS, to launch its first global branding campaign.

This will also be the first time an Indian IT company will invest in a focused manner to build a brand. According to sources, TCS will spend close to $8-10 million over next 12 months to stencil the campaign punch-line “Experience Certainty” in the minds of thousands of its customers and its own employees.

The campaign will first be unveiled internally. More than 80,000 TCS employees will find the campaign graphic as the default wallpaper on their computers. Apart from this, there is also a funky campaign video.

It shows young people of different nationalities playing a variety of musical instruments and jamming on a piece of music that is distinctly fusion. “Since we have operations across 34 countries and have employees of many nationalities, we felt that this aspect captures the essence of what TCS is about,” says Global corporate affairs head Phiroze Vandrevala.

Read More @ Economic Times

TCS Eyes Slot In Global Top 10 IT Services Club By March End

India’s largest software exporter Tata Consultancy Services (TCS) hopes to break into the coveted club of global top 10 IT services companies in revenue terms by end of the current fiscal – way ahead of the earlier anticipated timeline of 2010.

“The company currently ranks 12th on revenue basis. We had pegged the timeframe for joining the top ten club, at 2010. However, on certain parameters like net profit, market capitalization and employee strength we are already in the top five or six list. We hope to join the top 10 league in revenue terms by end of the fiscal,” TCS CEO and MD S Ramadorai told ET.

Read More @ Economic Times

Infosys in talks with big banks for its Islamic Banking Solutions

Targeting the affluent Islamic Banking community, which needs customised IT solutions, Infosys Technologies is aggressively looking at tapping the burgeoning segment having already bagged a beta customer – Arab National Bank.

“We already have got the first customer Arab National Bank and are developing full-fledged banking solutions for them, (that is) expected to be operational by the end of this year,” Infosys Finacle Vice President and Business Head Merwin Fernandes told PTI.

He said, the company is in talks with several Tier-I and II banks in Middle-East and South East Asia region and is hoping to bag few more orders soon.

Considering that there are more than 300 Islamic financial institutions operating worldwide and many more being set up, the opportunity pie should be substantial, he added
Read More @ Economic Times

TCS, other Tata cos to benefit from Corus deal

The acquisition of Corus is likely to benefit other Tata group companies as well. Tata Steel, which has bought the Anglo-Dutch steelmaker for $12.2 billion, is planning to offshore some of Corus’ functions such as IT and equipment manufacture, to India in a move that could boost TCS, Asia’s largest software services firm.

While the finer details of this offshoring work are being worked out, MD B Muthuraman ruled out any reduction in Corus’ workforce. “Apart from steel, there are a lot of other strengths Corus has, that can be tapped by Tata Steel, in consultancy and other areas. We’ll try to increase these synergies. I see much benefit flowing to TCS also,” he said.

Read More @ Economic Times

TCS signs pact with Mumbai International Airport

Tata Consultancy Services said it has agreed to provide information technology consultancy services to Mumbai International Airport Pvt Ltd (MIAL), for the Chhatrapati Shivaji International Airport (CSIA) in Mumbai.

MIAL, the joint venture company led by GVK, and TCS have signed a memorandum of understanding for the same. The agreement is for a period of five years.

TCS will provide IT consultancy services, along with implementation and management of the technology backbone at the CSIA, the country’s busiest airport, said a joint statement by the two companies. It did not indicate the size of the project in financial terms.

Read More @ Hindu Business Line 

TCS holds the lowest attrition rate at 10.8 per cent

Towards the last quarter of 2006, the five key computer firms in India increased their staff strength by another 23 thousand employees and their total headcount to almost 3 lakh. To those who came in late the top five software companies in India are TCS, Infosys, Wipro, Satyam and HCL Technologies. These figures are even more significant as salaries of existing staff have risen in an exponential manner and all companies posted a profit and growth of over 20 per cent of last years figures.

There is a good reason to look outside India for talent. Firstly Attrition rate in the Indian computer industry has been quite high around 12 – 15 per cent; as the more experienced staff job hop for better prospects. It was reported that TCS had the lowest attrition rate in the industry at 10.8 per cent and that employees came from at least 60 different nationalities
Read More @  Navhind Times

TCS sees $1b from e-gov biz by 2010

India’s largest software exporter $2.97-billion TCS plans to achieve over 10% of its revenue from its e-governance vertical by 2010. Overall, the company has set itself a target of $10 billion by 2010. This translates into e-governance revenues of over $1 billion.

“We project at least 10% contribution to TCS’ overall revenues through e-governance by fiscal year ending 2009-10,” says Tanmoy Chakrabarty, vice-president (global government industry group), TCS.

Last year TCS earned less than $200 million through its e-governance practice. According to estimates, the global e-governance pie is over 180 billion, of which Indian companies share at present is minuscule, less than 1%.

TCS rivals such as Infosys, Wipro, Satyam and HCL have lesser share of e-governance in their overall pie. Surprisingly, TCS’ biggest rival Infosys doesn’t have a government vertical.

Read More @ Economic Times (27 Jan ‘ 07)

Infosys, Wipro to be big players at meet

IT bellwethers Infosys and Wipro are participating in the World Economic Forum (WEF) at Davos in Switzerland in a big way to showcase India’s technology prowess and its expertise in handling socio-economic issues to global leaders.

In separate statements here, both the Bangalore-based tech firms said their head honchos — Nandan M. Nilekani of Infosys and Azim H. Premji of Wipro — will be attending various sessions and interacting with leaders on emerging economies, global trading system and technology innovations at the annual meet that began in the Swiss ski resort on Wednesday.

Read More @ Asian Age 

TCS Q3: Adds 5,562 employees, 88 clients

Tata Consultancy Services added 5,562 employees (gross addition of 7,835 employees) during the quarter ended December 31, 2006.

At the end of Q3, the total employee strength of the company was 83,500 with staff coming from 60 nationalities. Non-Indian nationals formed 8.8% of the total employee base.

TCS won five large deals in the quarter under review. The company won two deals for $100 million and three deals of $50 million each.

The company added 88 clients in the third quarter and the number of active clients stood at 766.

Read More @ Business Standard (16 Jan ’07)

TCS notches record $1.1-b revenue in Q3

Tata Consultancy Services (TCS) has beaten estimates, a rising rupee, and a traditionally weak third quarter to post a record $1.1 billion in revenues for the quarter ended December 30, 2006, the highest by an Indian software firm. The country’s largest software company also registered the highest profits for any single quarter at $252 million. It has announced a dividend of Rs 3 per share.

In rupee terms, net profit jumped 45% to Rs 1,116 crore on a revenue growth of 41% at Rs 4,873 crore. Expectations for net profit and revenue were in the range of Rs 1,074 crore and Rs 4,774.5 crore, respectively. During April to December, revenues crossed the $3 billion mark to Rs 13,523 crore.

The TCS stock moved up almost 2% in the morning, but then declined and finally ended the day 0.18% higher over the previous day’s close. Over the last five days, the stock has outperformed Sensex by about 4% and the Infosys stock by about 5%.

Read More @ Economic Times (17 Jan ’07)

See also : Business Standard | The Statesman | The Tribune | The Telegraph | DNA | The Indian Express | The Financial Express | Deccan Herald | Business Standard | Times of India

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