TCS Q4 net up 50% at Rs 2,001 crores – FY’10 profit at Rs 7,000 crores

The country’s top software exporter, Tata Consultancy Services, on Monday said its net profit rose by 50.1 per cent to Rs 2,001 crore (Rs 20.01 billion) for the fourth quarter ended March 31, 2010.

As per the Indian accounting standards, its revenues from the operations for the reported period stood at Rs 7,738 crore [...]

TCS to hire 25,000 more software professionals

… India is in recession or growth slow down period ? Did you hear, what TCS (Tata Consultancy Services) has announced few days back ? TCS is hiring 25,000 people globally in fiscal year 2009 and 90% of them in India alone. Be it in Quarter revenue results or people hiring, TCS is continuously exceeding the market expectation. Oe of the top… less number of hiring for them in this fiscal year. Also, it was said they are going to start IT operations in Tier 2 cities, as their existing offices in metros like chennai, bangalore, hyderabad, mumbai, kolkatta can’t accommodate such a huge new numbers. Meanwhile, they have been very active in campus recruitment also this year, who would join … usually visit top 25 colleges in and around TamilNadu in the first few slots and grad the creamy layers. Last year campus recruits’s joining dates were delayed by 6 months or so. Now, it is been heard they have been receiving joining calls in stages. With additional 25,000 head count, TCS’s total IT army would be around 1.8 lakhs, which …