Posted at 10:25 AM , on February 22, 2017
The TCS buyback announcement was more a matter of when rather than whether? On 20th February the TCS board announced the buyback of 5.61 crore shares at a maximum price of Rs.2850/share. This will involve a total allocation of Rs.16,000 crore of cash from the company’s massive cash pile. That will surely gratify the shareholders and the media in the short term as they have been clamouring after large IT companies to reward shareholders with special dividends or buyback offers. Here are 10 key takeaways from the TCS buyback announcement… Continue reading
Posted at 2:23 PM , on January 17, 2017
On a day when TCS announced a stable growth of 1.5% in revenues and 2.9% in profits, the attention was occupied by a different subject altogether. On the same day, the company made two major changes. The current TCS CEO moves on to take charges as the Chairman Tata Sons. Chandra will be replaced by CFO, Rajesh Gopinathan, who takes over as the next CEO of TCS. What are the big challenges for Rajesh as he steps into Chandra’s shoes? Continue reading
Posted at 4:53 PM , on January 18, 2016
Who is winning Round-2 of the Tech Battle…?
For many years TCS managed to outshine Infosys in terms of margins, profit growth, top-line growth and in terms of attrition. There is surely a change in Infosys since Vishal Sikka has taken over at the helm. Even as TCS seems to be faltering in terms of growth and margins, Infosys is managing to beat the street. The December quarter has just highlighted that. So what are the key takeaways? Continue reading