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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The IT giant dismissed apprehensions about its H-1B visa dependency, asserting that it has a global workforce and hence will not be impacted.
Tata Consultancy Services (TCS) reported a net profit of Rs 12,380 crore (about $1.4 billion) in the third quarter of 2024-25, marking an 11.96% increase from the Rs 11,058 crore (around $1.28 billion) recorded in the same quarter of the last fiscal year.
Revenue from operations came in at Rs 63,973 crore ($7.45 billion), a 5.6% increase from the Rs 60,583 crore ($7 billion) in the previous fiscal. However, revenue dipped 0.4% sequentially—from Rs 64,259 crore ($7.48 billion) in the quarter ended 30 September 2024.
BFSI, short for banking, financial services and insurance, was the primary contributor to the company’s …
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
The recent layoffs at TCS have drawn attention to the chances of AI disruption in the industry. While AI is not yet directly causing staffing changes, it is definitely shaping them.
