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The next fiscal year is expected to be better for technology services than the current year, said Tata Consultancy Services chief operating officer NG Subramaniam. Though clients are not cutting down on the budgets in the ongoing fiscal 2024, they are optimising every aspect of the business since macro uncertainties remain, he told ET in an interview.“It's difficult to put a number at (the growth next year), because of the way the market uncertainties are. But I feel that FY25 will be a better year than 2023 (FY24),” said…

The University of Oxford has ended its deal with Tata Consultancy Services iON citing “technical problems”, less than a year after hiring it to deliver a share of the university's admission tests.“Following the technical problems experienced by some candidates during the delivery of this year’s online admissions tests by a new provider, TCS will not be involved in the delivery of Oxford admissions tests going forward,” spokespersons for the university said in an emailed statement emailed to ET.Elevate Your Tech Prowess…

Tech Mahindra on Monday announced the appointment of former Tata Consultancy Services chief marketing officer Rajashree R as its chief growth officer for strategic verticals in the Americas.Rajashree comes with extensive experience in retail and marketing at TCS where she worked for almost 20 years. Her resignation from TCS was announced in July, soon after former chief executive Rajesh Gopinathan’s abrupt exit in March 2023.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

The expectations from them were never great, but they did exceed most performance parameters with consummate ease. So much so that the relative stragglers in the current bull run in Indian stocks, technology companies single-handedly carried broadest benchmarks to new records through the first two weeks of January, belying odds of muted earnings performance in a quarter that is traditionally sluggish for the outsourcing majors.At first glance, of course, the demonstration of investor confidence in a hitherto neglected…

AI roundup: Artificial intelligence (AI) has been a hot topic for 2024 with companies unveiling new investments and innovations in the field. In a recent announcement, Vodafone and Microsoft signed a 10-year partnership to improve customer experience; the World Economic Forum 2024 is shedding new light on the future of AI. Check what's happening in the world of AI.Cognizant introduced generative AI-powered Innovation Assistant, in collaboration with MicrosoftTaking a step ahead with technology, Cognizant has announced an…

India's No.1 software-services exporter Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said.The plan to diversify more comes after the industry leader reported its slowest quarterly profit growth since 2020, and revenue contributions from its mainstay market, North America, have declined for four straight quarters.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

India’s fourth largest IT services provider Wipro on Friday reported a decline of 4,473 employees for the quarter ended December 2023 compared to the previous quarter (Q2 FY24). The company’s staff strength for the quarter ended December was 240,234 as against 244,707 in the previous quarter. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitIIM…

Mumbai: Indian stocks rose to fresh all-time closing levels on Friday led by a surge in information technology shares as investors judged the third-quarter earnings of sector leaders-TCS and Infosys-weren't as adverse as expected. The optimism inspired markets to overlook the escalating tensions in the Red Sea, which caused a jump in oil prices to $80 a barrel, and a hotter US consumer inflation report in December.The BSE Sensex gained 847.27 points, or 1.2%, to close at 72,568.45, off the record high of 72,720.96. The…

Tata Consultancy Services (TCS) and Infosys, India’s top two technology services companies, reported aggregate headcount deletion of about 35,000 in the third quarter in comparison with the year-ago period, reflecting subdued client demand that doesn’t justify adding jobs just yet in the country’s most globalized and biggest forex-earning industry.Headcount at TCS, the market leader, dropped 10,669 and that at Infosys by 24,182.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian…

IT major Tata Consultancy Services reported a net fall of 5,680 employees in headcount in the third quarter (Q3) of FY24 taking the overall headcount to 603,305 as on December 31, 2023. The headcount in the December quarter fell by 10,669 compared to the year-ago period.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIM LucknowIIML Executive Programme in…