Nikkei — MUMBAI (NewsRise) — Tata Consultancy Services, India’s largest software exporter, said some of its clients are holding back technology spending, underscoring that customer demand is weakening amid lingering global macroeconomic uncertainties.
Times of India — India’s largest IT company — Tata Consultancy Services (TCS) — has announced its results for the quarter ended March 31, 2016. The results largely came in line with analysts’ expectations, however, there were signs that the company is losing steam not only vis-a-vis its own performance of recent years, but also compared to arch-rival Infosys.
Bloomberg — Tata Consultancy Services Ltd.., Asia’s largest software services exporter, reported profit for the fourth quarter that beat analyst estimates as it won new contracts from banks and healthcare providers. Net income rose to 63.4 billion rupees ($952 million) in the three months ended March, the Mumbai-based company said Monday.
Times of India — PUNE: Tata Consultancy Services, India’s largest software services company, has set up an open innovation centre in Nashik to solve social problems in local communities. The centre will seek to find ways to reduce the number of school dropouts, improve soil and water health, and ease parking woes in the city, among other initiatives. The challenges are open to students, early-stage startups and even individual entrepreneurs who can come up with innovative solutions, the company said.
Times of India — BENGALURU: Indian IT behemoths TCS and Wipro are close to entering the $1-billion club in engineering services. HCL Technologies is currently the only Indian player in that league. Globally, six service providers have crossed the $billion mark, led by French engineering consulting firm Altran with $2.16 billion in revenue in 2015, followed by another French engineering major, Alten, with revenue of $1.71 billion, as per a recent study by HfS Research.
Times of India — NEW DELHI: India’s top software exporters have joined the likes of Google and Salesforce to support US President Barack Obama’s just announced $4-billion ‘Computer Science for All’ initiative that aims to dramatically increase the number of children with access to computer science training in the US and build a more technologically advanced nation.
Channel News Asia — REUTERS: Tata Consultancy Services Ltd has joined the bidding process for Perot Systems, an IT management business of Dell Inc, according to people familiar with the matter. The company had been interested in acquiring the company since last year, but re-emerged as a bidder in the last few days, the people said, asking not to be named because the matter is private.
Times of India — BENGALURU: India’s largest homegrown multi-billion-dollar IT services firms are set for a reality check with revenues likely to grow at the slowest pace since the global financial meltdown following the 2008 Lehman Brothers crisis. At least half-a-dozen analysts ET spoke to estimate that revenues of India’s top five IT companies — TCS, Infosys, Wipro, HCL Tech and Tech Mahindra — will grow at single-digit rates (5-9%) in 2015-16.
Times of India — LONDON: India’s largest software services firm Tata Consultancy Services (TCS) has won four prestigious awards for key client projects and innovations at the European Software Testing Awards 2015. The awards organized by TEST Magazine, the UK’s leading software testing magazine, are now in their third year and celebrate excellence, best practice and innovation in the UK & European software testing and Quality Assurance community.
Times of India — MUMBAI: Tata Consultancy Services (TCS) and France-based Gfi Informatique – a value-added IT services and software vendor – on Tuesday said they have entered into a strategic partnership agreement on smart cities to meet the requirements of digital initiatives in public transportation, water, and energy.
Tata Consultancy Services (TCS) today launched a new Center of Excellence for Internet of Things solutions in collaboration with Intel. Located at the TCS Hyderabad campus, the Center of Excellence would focus on developing new use cases for various vertical industries and create solution accelerators around Intel technologies for global customers in manufacturing, retail, hi-tech, semiconductors, healthcare and telecom industries, the company said in a statement.
Times of India — NEW DELHI: Even as the Indian IT industry continues to grapple with visa issues in the US, proposed changes in the UK’s migration policy, which include limiting the number of work visas and increasing the minimum-salary threshold for skilled workers, are worrying IT services companies. The UK is the second largest market for Indian IT companies after the US, accounting for about 18 % or about $18-$19 billion, of export revenue annually, according to industry body Nasscom.
Times of India — WASHINGTON: Twice on either side of 1900, Jamsetji Tata traveled to the United States, looking for technologies that would put steel in India’s industrial frame. In America, Andrew Carnegie had “been there, done that” with regards to steel and was divesting some of his fortune into philanthropy, endowing $1 million for a technology school that would eventually become Carnegie Mellon University (CMU).
India Times — Tata Consultancy Services , IT services, consulting and business solutions firm on Thursday announced that it has been recognised as a ‘Leader’ in Independent Testing Services by Everest Group. According to the statement, Everest Group evaluated 23 service providers in the independent testing services sector and mapped them on their Performance, Experience, Ability, and Knowledge (PEAK) Matrix, a composite index of several distinct metrics related to a provider’scapabilities and industry track record.
Asia Outlook Mag — Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, has launched a major new global study looking at the impact of IoT technologies across a wide range of industry sectors around the world. The TCS Global Trend study on IoT, which surveyed 795 executives from large multinationals, has identified the huge potential for revenue increases from IoT, while also highlighting the significant challenges that lie ahead for businesses transitioning to the new model.
LONDON: Tata Consultancy Services (TCS), India’s largest IT services firm, has been recognised as a global leader in card management and transaction processing by a leading research company. TCS was recognised as a global leader by Celent, a research and consulting firm focused on the application of information technology in the global financial services industry.
RTN Asia — Tata Consultancy Services said it has has been selected by digital media company Adobe as a Premier Partner, the highest level of partnership among Adobe’s global ecosystem. “This new partnership enables TCS clients to fully leverage Adobe’s Marketing Platform and its core solutions, allowing them to design and execute customized strategies and integrated marketing campaigns to suit specific target audiences and customer profiles,” TCS said.
Times of India — TCS is betting big on Ignio — an artificial intelligence product that has received one of the most high-profile launches in the company’s history. TCS CEO N Chandrasekaran tells what the plans are for the platform and the kind of organization that is being put in place to speed adoption.
BENGALURU: Tata Consultancy Services and International Business Machines have emerged as frontrunners in the race to win Swedish truckmaker AB Volvo’s IT outsourcing contract, worth about $500 million, according to people familiar with the matter. As part of the deal, which is expected to stretch over three to five years, Volvo will outsource its IT business unit, they said, adding that HP and Infosys are among the other firms being evaluated. Volvo may give out business worth at least $100 million a year as part of this deal, they said, requesting anonymity.
BENGALURU: Wipro’s former chief business operations officer Satishchandra Doreswamy, who resigned from the company last month following a massive organizational reshuffle at India’s third largest software exporter that led to the appointment of a chief operating officer, has rejoined his former company Tata Consultancy Services, two people directly familiar with the development said. Doreswamy’s new role and portfolio at TCS is still in the process of being finalized and is expected to be known over the next few weeks, the people mentioned above said.
MUMBAI: Leading IT services company, Tata Consultancy Services (TCS) has been ranked as the 57th leading brand in the US by Brand Finance in its second annual Top 500 US Brands survey, the company said today. The survey evaluates the financial value of a company’s brand name, intellectual assets and trademark, as compared to companies across industries. This is also the first time that TCS has featured among the top 100 brands in the survey, the company said in a statement.
The bloom is coming off the rose for many Indian IT services firms. Over the past decade, India created a wealth-generating “engine” of innovation and an industrialised services model. That disruptive model took the world by storm. It humbled industry giants, bringing once-great firms such as EDS and CSC to their knees and forcing other great firms such as IBM and Accenture to adopt India’s model. Large Indian firms such as Cognizant, Infosys, TCS and Wipro became global leaders. The engine built a $100 billion-plus services industry that sheltered a generation of IT talent and placed India squarely in the centre of the knowledge economy.
MUMBAI: Tata Consultancy Services, Accenture and Oracle are in race to acquire around 90% stake in IT services provider Elitecore Technologies from global private equity fund Carlyle. The fund that invested Rs 50 crore in the company eight years ago is expected to make more than nine time returns with the company now being valued at Rs 500 crore, three people with knowledge of the deal said. In 2007, through its Carlyle Asia Growth Capital Partners, the fund had invested$10.3 million for a 33% stake in the company. It then invested $3 million to hike its stake in the company.
While the Indian IT firms are getting aggressive in buying smaller ticket size companies in the US, sources with direct knowledge share that one such candidate, Sierra-Cedar with HQ in Georgia, US is close to launching a sale process soon. Valuation expectation for a complete sale of Sierra-Cedar is pegged at around $350 million, a source said.
LONDON: Tata Consultancy Services, India’s leading IT services firm, today launched a smartphone application here that allows users to track, analyse and visualise Twitter conversations about the UK General Election to be held in May. ‘ElectUK’ has been created to engage voters, their representatives and political commentators by turning their smartphone into a Big Data social media analytics tool.
MUMBAI-headquartered IT services, consulting and business solutions organisation Tata Consultancy Services (TCS) announced it has expanded its presence in Singapore with the opening of a new 1,000-person TCS Singapore Banking and Financial Services (BFS) Centre. The facility will provide a range of applications development, digital and IT services to leading global banks in the Asia Pacific region, the company said in a statement. TCS said its BFS business has grown substantially in Singapore. The new centre replaces a 500-seat centre opened in 2011, and will offer a broader range of services, with a major focus on digital offerings.
BANGALORE, India—As its growth slows, India’s technology services outsourcing industry is struggling to become less dependent on peddling the services of inexpensive programmers and trying to enter new businesses like off-the-shelf software and helping customers with big data and cloud computing. India’s leading outsourcers, including Tata Consultancy Services Ltd. and Infosys Ltd. , said last month that their profit growth was squeezed last quarter by dwindling demand from the U.S. and Europe.
MUMBAI: After decades of low-margin work like server maintenance, India’s information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients’ needs. Companies from Tata Consultancy Services Ltd to Wipro Ltd are all joining Infosys Ltd in investing in new, high-end technology, industry watchers say. Earlier this week Infosys bought US automation specialist Panaya Inc for $200 million.
MUMBAI: Tata Consultancy Services and Cognizant widened their lead over the rest of the Indian IT industry in 2014 and increased their strength in verticals such as banking and financial services, making it hard for other players to catch up. The lead being developed by TCS, the number one player in the Indian IT industry, and Cognizant, a close runner-up, has been in the making for more than five years.
MUMBAI: Country’s largest software exporter Tata Consultancy Services (TCS) said today it has been picked as the best IT service provider in Europe in terms of both customer satisfaction and performance, according to a survey. The pan-European survey — conducted by Whitelane Research — polled 1,470 CEOs, CIOs, CFOs, COOs and CTOs from top IT spending European organisations controlling over 4,200 IT contracts across 13 countries.