Asia Pacific Japan Changing Traditional Technologies Chief Financial Officer Chief Information Officer Cloud Computing FMCD FMCG Free Insights Greyhound Reports Media Mentions Managed Services Professional Services Strategic Outsourcing

TCS Q4 Net Profit Plummets 30%

Tata Consultancy Services has recorded a 30.7 per cent fall in net profit for the fourth quarter ended March 31, 2015, by a one-off bonus paid to employees, cross currency-movements and overall weakness in key sectors.

“The very fact that TCS is the only company openly talking about revenues generated through Cloud is a positive sentiment for the company as well as the industry. However, we are not sure about the performance of TCS iON (its IT-as-a-Service platform) and if it will be able to compete with Oracle, SAP and Ramco,” said Sanchit Vir Gogia, CEO, Greyhound Research.

To read the Full Article, click here: The Hindu Business Line

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s