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TCS signed the partnership to enhance the marathon’s use of advanced technologies, sustainability efforts, accessibility improvements, and charitable impact across Indigenous Australia.
TCS plans to consolidate Xerox's technology services to improve business outcomes, migrate complex legacy data centres to the Azure public cloud.
TCS stated that the platform helps customers leverage GenAI to unlock data potential, drive innovation, improve efficiency, and gain a competitive edge
AWS will support upskilling and reskilling of 25,000 TCS employees in cloud and GenAI skills.
Only employees with office compliance levels more than 85% will get the entire variable pay for the quarter.
Consolidating the city's workforce under one roof, the centralised campus aims to foster collaboration and innovation in Londrina, where TCS has been present since 2018 with around 1,700 employees.
TCS’ commentary reaffirms analysts of IIFL Securities view of only gradual recovery in revenue growth as project completions and lack of new ramp ups beyond large deals weigh on growth. Analysts of IIFL Securities largely maintain their EPS/TP, pegged at 25x 2YF EPS, and forecast 8%/12% USD revenue/EPS Cagr over FY24-26. Maintain ADD.
During the fourth quarter, operating margins increased 150 basis points to 26%, while net margins climbed 100 basis points to 20.3%.
TCS had aimed to recruit 40,000 freshers in FY24, following a decrease in net employee addition in FY23 compared to the previous fiscal year.
BSNL combined with reversal of furloughs to drive sequential growth.
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