India's largest software services firm Tata Consultancy Services (TCS) today said it has set up a new delivery centre in Suresnes, France that can accommodate up to 230 employees.
Tata Consultancy Services (TCS) today said its board has approved share buyback of up to Rs 16,000 crore.
TCS will consider a proposal to buy back shares at its board meeting to be held later this week. TCS said in a BSE filing late last night.
TCS reported a 4.4 per cent growth in its consolidated net profit at Rs 6,904 crore for the March 2018 quarter and its board recommended a 1:1 bonus share issue.
TCS hired over 20% of its new recruits in the last one year in international markets as part of its "localisation initiatives".
TCS is seeing digital deals of "significant size" coming in as clients turn to agile, automation and cloud technologies to deliver enhanced customer experience.
Bucking the trend, global software major TCS has ruled out laying-off employees in the near future and instead plans to create more jobs.
Gopinathan favoured a policy of engagement with various stake holders on the issue of H-1B visas in the US.
TCS reported 4.2 per cent growth in net profit at Rs 6,608 crore for the quarter ended March 2017.
Seasonal weakness is likely to keep the growth of the Indian IT industry muted in the fourth quarter.
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