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TCS Q1 results 2024: Contract values, net profits take a hit as PAT, employee count sees hike

On expected lines, the IT giant's net profit is down by 3.2% on a quarter-on-quarter (QoQ) basis, …

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3 mins read

It is attrition rates and not the wage hikes dampening Indian IT cos earnings

The Indian IT sector is in trouble – not entirely due to recessionary concerns or smaller deal wins…

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Moonlighting is an ethical issue says TCS HR head

TCS reported a surge in attrition rates in the September quarter – at 21.5%, it is the highest in t…

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1 min read

Employees are leaving IT giants TCS, Infosys – here’s why

Employees are leaving IT giants TCS, Infosys – here’s why

Bhakti Makwana   


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TCS mints almost ₹10,000 crore profit in just three months than in 12 months a decade ago

TCS mints almost ₹10,000 crore profit in just three months than in 12 months a decade ago

Bhakti Makwana   


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TCS CEO expects more employees to leave the firm in the coming months, but he is not worried about it — Here is why

The rate of employees leaving information technology (IT) firms continues to remain high as opportu…

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3 mins read

Cognizant’s latest earnings have a silver lining for Indian IT majors TCS, Infosys and Wipro

Nasdaq-listed Cognizant’s March quarter net profit for March quarter grew 11.5% on year to $563 mil…

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TCS, Infosys, and Wipro hired 2.33 lakh employees in FY22 to tame high attrition

For the last one year, the India’s as well as global information technology (IT) sector is going th…

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Talent from large IT firms has been flowing towards India's tech startups

Lathika Pai, Country-Head VC & PE partnership Microsoft on how India's tech startups are flowing wi…

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More employees are leaving Infosys, Tech Mahindra than TCS and Wipro

Shares of information technology (IT) firm Tech Mahindra slumped nearly 4% on February 2 as investo…

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5 mins read

Recession in the US may cool off attrition in IT sector along with revenues

After two years of bumper profits and mind-boggling salary hikes, TCS, Infosys and Wipro – along wi…

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Tech Mahindra's attrition rate is nearly twice that of TCS

At a time when information technology (IT) companies are enjoying overwhelming demand for digital t…

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4 mins read

IT majors cut down hiring by half despite high attrition

Three out of four major Indian IT companies have announced their Q2 FY23 results. While the demand …

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Hiring by IT cos down 96% in Q3 compared to preceding 7 quarters even as attrition cools

Collectively India’s top four IT companies TCS, Infosys, HCL Tech and Wipro saw a net addition of j…

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3 mins read

TCS crosses the 6 lakh employee milestone even as 1 in 5 quit in the first quarter

Indian IT services giant TCS reported a subdued first quarter of FY23, with its profit missing anal…

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Cognizant faces the worst attrition rate in the industry, hires record number of employees to fill the gap

The Indian information technology (IT) industry is reeling with a very high number of employees lea…

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TCS revenue growth to slowdown in FY24: Fitch Ratings

Credit rating agency Fitch Ratings on Thursday said Tata Consultancy Services Limited's (TCS) reven…

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TCS assures 70% employees will receive full variable pay

The country’s largest IT company TCS seems to have ridden past this. The company’s HR head Milind L…

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5 mins read

Brokerages not rattled by big 3 IT players' tepid Q2 performance

The Indian IT sector has kicked off the Q2 earnings season on a somber note. The Big 3 tech compani…

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TCS, Infosys, HCL Tech and Wipro open up lateral hiring as more people walk out the door during the COVID-19 pandemic

Every major Indian IT tech company decided to go slow on hiring or suspended hiring altogether at e…