TCS Q4 Results 2010 at www.tcs.com: Tata Consultancy Services (TCS) will be announcing TCS Financial Results for Q4 and FY 2009-10 today on April 19th 2010.
Currently, TCS has about 1,44,000 employees in its payroll and plans to hire another 30,000 in the next financial year. The company has not announced any salary hike last year due to recession.
The net profit of TCS in the Q4 2009 stood at Rs 1,333 crores which was up by 7% Y-o-Y. Similarly, its net profit in Q3 was Rs 1824 crores which is 34% gain Y-o-Y and 11% up Q-o-Q.
The other Indian IT majors such as Infosys and Wipro have already announced salary hike to their employees.
According to analysts, the salary hike decision is primarily based on the good returns. However, the hike will impact its net margins for the upcoming year.
The other Indian IT majors such as Infosys and Wipro have already announced salary hike to their employees.
