TCS: Press Releases

TCS posts sector leading performance for third consecutive quarter

TCS — 1/14/2010 11:00:00 PM

Q3 Revenues at $1.64 billion; up 10.3% Y-o-Y; up 6.3% Q-o-Q; Q3 Net Profit at $ 384 million up 38.9% Y-o-Y; up 14.2% Q-o-Q; Operating Margin increases 103 basis points Q-o-Q; Net Margin improves 164 basis points Q-o-Q; All round growth across markets and industries; Volume growth of 6.6% sequentially; Quarterly dividend of Rs 2 per share; EPS at $ 0.20 in Q3

Two new directors join Board of Tata Consultancy Services

TCS — 1/4/2010 11:00:00 PM

The Board of Directors of Tata Consultancy Services, (TCS) (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, business solutions and outsourcing firm announced that it has appointed Vijay Kelkar, former Finance Secretary to the Government of India and Ishaat Hussain, Finance Director of Tata Sons to the Board of Directors of the Company with effect from January 5, 2010.

Guangdong Rural Credit Union, China (GDRCU) goes live on TCS BaNCS Core Banking

TCS — 12/20/2009 11:00:00 PM

TCS Financial Solutions, the strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced today that Guangdong Rural Credit Union (GDRCU), the largest provincial credit union in China, has successfully gone live with TCS BaNCS Core Banking solution.

TCS BPO Services honored with Excellent Energy Efficient Unit Award 2009 by CII

TCS — 12/9/2009 11:00:00 PM

Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NI), leading global IT services and consulting firm, announced that TCS BFS BPO (Banking and Financial BPO unit) has won the “Excellent Energy Efficient Unit Award 2009” at the 10th National Award for Excellence in Energy Management 2009 conducted by CII – Godrej at Chennai Trade Centre, Chennai. The objective of the Award is to recognize and Award "Excellence" in Energy Management in industries and facilitate sharing of information by excellent energy efficient companies.

Top Analyst Firm Positions TCS in the Leaders Quadrant for Oracle Outsourcing North America

TCS — 12/6/2009 11:00:00 PM

TCS announced that it has been positioned by a leading industry analyst firm, Gartner, Inc. TCS has been positioned in the leaders quadrant in the recently published ‘Magic Quadrant for Oracle Outsourcing, North America’ report.

TCS BaNCS Core Banking ranked No 1 Banking Solution of China in 2008 by Independent Research firm

TCS — 12/6/2009 11:00:00 PM

TCS announced today that TCS BaNCS Core Banking has been ranked as the leading core banking solution in China based on its performance in the year 2008 by IDC, a leading provider of global IT research. This is the third year in a row that TCS has also been ranked at the top of solutions providers for the financial services industry in China.

New Generation Trading System for China Foreign Exchange Trade System (CFETS) goes live nation-wide

TCS — 12/6/2009 11:00:00 PM

TCS announced that the Reminbi currency trading platform for the Chinese inter-bank market, an initiative of China Foreign Exchange Trade System (CFETS), a subsidiary of People’s Bank of China (PBoC) has successfully gone live nationwide.

TCS announces new doctorate funding program to drive quality academic research

TCS — 11/26/2009 11:00:00 PM

Hyderabad, India – November 27, 2009 — Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading global IT services, business solutions and outsourcing firm, today announced a new program to encourage quality academic research and thereby increase the available faculty talent pool in India.

Dow and TCS expand global alliance

TCS — 11/11/2009 11:00:00 PM

Midland, Michigan and Mumbai, India, November 12, 2009 : The Dow Chemical Company (Dow) and Tata Consultancy Services (TCS), today announced plans to form an innovative business alliance that will provide critical business services to Dow, its subsidiaries and joint ventures. The alliance is an expansion of an existing relationship between Dow and TCS, combining Dow’s leading chemical industry knowledge and operational discipline with the service delivery expertise of TCS.

TCS scales up its North America Domestic Delivery Center, TCS Seven Hills Park, to 300 associates

TCS — 11/4/2009 11:00:00 PM

Tata Consultancy Services, announced that it had scaled up its North America Domestic Delivery Center, TCS Seven Hills Park, to 300 associates.