TATA Consultancy Services have just announced the Quarter 4 results of themselves. Financial year 2010 revenues are at 30029 crore up by 8%.
As per TCS Financial results 2010, net profit are at 7001 crore up by 33%. And TCS q4 net profit at 2001 crore profit up by 50.1% Y-O-Y and 9.7% Q-O-Y.
TCS has recommended a final dividend of Rs 4 and a special dividend of Rs 10 on equity share of Rs 1 each of the company for the approval by the shareholders.
There is no official announcement about the salary hike following this 33% up results. But a top executive told that there could be a neat salary hike of the employee.
Also HR experts expect many companies such as Cognizant, SAP, Mahindra Satyam, TCS, Wipro, Infosys, Oracle, MindTree and Accenture to offer a pay hike of 7-15% at the operational level and 12-18% at senior levels.
N Chandrasekharan CEO and MD said that – Our ability to react to growth opportunities and execute efficiently has helped TCS deliver a superior performance for the fourth successive quarter. Our volumes have grown and our margins are at near historic highs.
They have provided 13% salary hike for 5 raters, 10% hike for 4 raters and 3 and raters follow same trend.Â
TCS employees are not at all happy with the salary hike since promoted employees will not get their hiked salary until they complete a year in their new role. All employees were awaiting for this salary hike since they were waiting for a hike from past 2 years.Â
Lot many people are planning to quit TCS because of unfruitful salary hike. Last year’s official attrition rate was around 11.8%. However actually more than 38,000 associates quit TCS.
Comment by Vinay — April 20, 2010 @ 1:09 am
This is more than expectation that everybody in joining year 2007 (now have average 2.5 years experience) have received an average 27% increment in the salary. Thanks TCS.
Comment by Dibyendu — April 20, 2010 @ 2:00 am
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Pingback by Entire Life Insurance plan Calculator – Evaluating Your Assets — April 21, 2010 @ 11:18 am
Tcs is a f****** piece of shit ruled by mindless morons to suck out the real potential of the employees with their idiotic strategies…
Comment by TCS Balatkari — May 17, 2010 @ 4:39 am
buffer chuffer chafod lapad jhabba magad chakka. chinku punku lippy jhippy ramesh sippy kar de tippy.tayen toon gunjun jhoonk tulla silly kulla pilly.
Comment by babban pandey — July 20, 2010 @ 12:45 am
I really hope 2011 will be different and TCS will give liberal bonus. Like me many people are struggling to put up 20% advance required for Apartment purchase. Earlier banks were allowing loans with 10% Advance.
Comment by TCS Salary — December 31, 2010 @ 2:31 am
result is not yet declared….
Comment by abhishek — January 14, 2011 @ 2:58 am
hiii can anybody let me knw dat salary hike is for freshers also who are gng to join tcs in 2011
Comment by anurag — January 28, 2011 @ 1:34 am
hiii!!!! even i also want to kno whether the sal;ary hike is for freshers also who wll b joining tcs in 2011??????????
Comment by Rachna — March 9, 2011 @ 10:19 pm
It always waste expecting from TCS because all senior has power to provide bad rating for junior and junior has no power to rate his senior…
Bad Strategy and bad trend in TCS all waste people in seniors playing with life of fresh people. The first thing i learned when i came to dream company was how to fuck u r junior ass and get good rating
Comment by waste expecting in tcs — April 13, 2011 @ 10:29 pm