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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
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Strong Demand Drives TCS Q3 Growth Momentum

Strong Demand Drives TCS Q3 Growth Momentum
- Strongest Third Qtr Growth in 9 yrs: +4.1% QoQ CC, +4.7% INR, +5.1% USD
- Back to Positive YoY Growth: +0.4% CC, +5.4% INR, +2.1% USD
- Operating Margin: 26.6%, +0.4% QoQ and +1.6% YoY
- Net Profit Growth +3.7% YoY
- Lowest Ever Employee Attrition in IT Services (LTM): 7.6%
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NEW YORK and MUMBAI, India, Jan. 8, 2021 /PRNewswire/ Tata Consultancy Services (BSE: 532540, NSE: TCS), the leading global IT services, consulting and business solutions organization, reported its consolidated financial results according to Ind AS and IFRS, for the quarter ending December 31, 2020.
Highlights of the Quarter Ended December 31, 2020 ....

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COVID-19 Opens Up Outsourcing Opportunities In Europe For Indian IT Companies

COVID-19 opens up outsourcing opportunities in Europe for Indian IT companies
Among countries, the majority of these new information technology “mega-deals”, the report said, took place in Germany.
January 06, 2021 / 09:03 AM IST
The European market, usually kept away from outsourcing, has become a new market for Indian information technology companies amid the coronavirus pandemic.
Big Indian IT companies such as Wipro, Tata Consultancy Services (TCS) and Infosys have won large deals or acquired units in the region as local businesses looked to “quickly transform” to adjust to the pandemic situation, The Economic Times reported.
Among countries, the majority of these new “mega-deals”, the report said, took place in Germany – this is in large part because companies in the country have never outsourced to this extent before and the current situation has made it “lucrative to gain a foothold in the German market” for Indian IT companies, HfS ....

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TCS completes buyout of Postbank Systems

New Delhi, January 1
IT major TCS on Friday said it has completed acquisition of 100% shares of Postbank Systems AG (PBS) from Deutsche Bank AG.
PBS has been the internal IT provider for Postbank AG ....

New Delhi , Deutsche Bank , Postbank Systems , புதியது டெல்ஹி , டாய்ச் வங்கி , போஸ்ட்‌பஂக் அமைப்புகள் ,

TCS arm completes acquisition of Postbank Systems from Deutsche Bank

TCS arm completes acquisition of Postbank Systems from Deutsche Bank
Posted On:
2021-01-01 00:48:13
(Time Zone: Arizona, USA)
Tata Consultancy Services Limited had earlier announced the acquisition of 100% shares of Postbank Systems AG from Deutsche Bank AG through its subsidiary Tata Consultancy Services Netherlands B.V. The acquisition was to be completed by year end 2020 subject to customary regulatory and governmental approvals.
The aforesaid acquisition of Postbank Systems AG has been completed today.
Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.2870.2 as compared to the previous close of Rs. 2908.85. The total number of shares traded during the day was 834286 in over 9935 trades. ....

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