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.
