TCS Q4 Results April 19,2010 | TCS Salary Hike 2010

TCS Q4 Results April 19,2010 | TCS Salary Hike 2010

TCS Q4 US GAAP net profit at Rs 1,931 cr

TCS has announced its fourth quarter results. The company’s Q4 US GAAP net profit was at Rs 1,931 crore, quarter-on-quarter, QoQ.

Its Q4 US GAAP revenues were at Rs 7,737 crore, QoQ.

Its operating profit was up 1.88% at Rs 2,128 crore

TCS says

* Q4 gross employee additions at 16,851
* Q4 attrition rate at 11.8%
* Quarterly variable payout at 125%
* Cost cuts, treasury management helped improve margins
* Made 20,000 campus offers for FY11
* Won 10 large deals in Q4
* See tremendous momentum in all verticals
* BFSI, Retail, Life Science verticals leading growth
* See recovery in telecom, manufacturing verticals

Finally after a long silence period, Tata Consultancy Services (TCS) has announced its Q4 results date. TCS Q4 Results 2010 will be announced on April 19,2010. The board meeting of directors is scheduled on April 19, 2010 to approve and announce TCS Q4 Results 2010. The board will also announce a final dividend to its share holders.

You can get the results on your cell phones by sending a SMS ‘R TCS’ to 51818. It was rather a long wait to announce the date of quarterly results. Meanwhile TCS is all set to announce the salary hike. TCS Salary Hike 2010 seems to be a hot point of discussion in many forums as the company has about 1,44,000 employees in its payroll and plans to hire another 30,000 in FY11. Unlike many other software exporting companies TCS has not announced any salary hike to its employees in the last one year

As per some analysts TCS revenue for Q4 2010 will be somewhere around Rs 7870 crores and Profit of the company in Q4 2010 will be around Rs 1,870 crores.

FY10 YoY

TCS Salary Hike 2010 (TCS Salary Hike confirmed but not percentage): With 50.1 percent YOY and 9.7 percent QOY in the Q4 Result, TCS is now considering salary hike for its employees. According to TCS officials, they are now considering salary hike and the hikes in the salary may be implemented during financial ending March 2010. The actual hike percentage, however, has been decided yet.

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