Tag Archives: Workforce

TCS Q2 Results: Profits Rise 5%, Revenue Up 7.6%, Adds 5,726 Employees

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Tata Consultancy Services (TCS), a global leader in IT services and consulting, posted a net profit of ₹11,909 crore for the second quarter of the fiscal year, reflecting a 5% year-on-year increase. Despite a modest quarter-on-quarter decline of 1.1%, TCS’s results demonstrate the company’s resilience in navigating ongoing market challenges, particularly in the face of global economic uncertainty.

Revenue for the quarter climbed to ₹64,259 crore, a 7.6% year-on-year rise. Key sectors such as energy, resources, utilities, and manufacturing were the primary drivers behind this growth, underscoring the strength of TCS’s diversified business model and its capacity to adapt to fluctuating market conditions. The company also declared a second interim dividend of ₹10 per share, reinforcing its commitment to delivering value to shareholders and maintaining a strong financial position.

TCS continues to expand its workforce, adding 5,726 employees in the July-September quarter, bringing its total headcount to 612,724. Women now make up 35.5% of the company’s workforce, highlighting TCS’s emphasis on fostering a diverse and inclusive work environment. This focus on talent acquisition and diversity is central to the company’s long-term strategy of driving innovation and maintaining its competitive edge in the global IT services sector.

Navigating Geopolitical Uncertainty 

CEO and Managing Director K Krithivasan addressed the cautious trends that have shaped the last few quarters, attributing them to ongoing geopolitical uncertainty. Despite these challenges, the company’s Banking, Financial Services, and Insurance (BFSI) vertical—the largest in its portfolio—showed early signs of recovery. Additionally, TCS reported strong performance in its Growth Markets, further demonstrating its ability to adapt to complex conditions and sustain stable results.

Chief Financial Officer Samir Seksaria emphasized the strategic investments made in talent and infrastructure during the quarter. These investments, combined with disciplined financial management, led to strong cash conversion and positioned the company for future growth. TCS remains confident in its ability to maintain profitable growth, with its long-term cost structures remaining stable despite short-term headwinds.

AI and Innovation Driving Future Growth

TCS is experiencing ongoing momentum in the deployment of Artificial Intelligence (AI) and Generative AI (GenAI) solutions. With over 600 AI/GenAI engagements either fully deployed or in various stages of development, the company is committed to leveraging these advanced technologies to enhance client offerings and drive business growth. The rapid maturation of AI technologies is positioning TCS to further strengthen its leadership in digital transformation and innovation across industries.

The company’s focus on innovation is further evidenced by its patent portfolio. As of September 30, TCS had applied for 8,354 patents, including 160 applied during the quarter, and had been granted 4,369 patents, including 223 granted during the quarter. This robust intellectual property portfolio underscores TCS’s commitment to research and development and its ability to deliver innovative solutions to its clients.

In addition to its financial performance, TCS has also been making strategic moves to strengthen its market position. The company recently secured a Rs 15,000 crore deal with BSNL to set up data centers and 4G sites across India, laying the foundation for future 5G infrastructure. This deal is expected to provide a significant boost to the company’s revenues in the coming quarters.

AXA Call to Action puts Spotlight on Diversity & Inclusion for 2020 Workforce

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Bangalore November 23, 2017: AXA Business Services hosted its second AXA Call to Action event focused on Diversity and Inclusion (D&I), a very topical area of focus for all corporates today. The event saw industry experts deliberate on the current practices and emerging aspects of D&I that organisations need to be cognizant of to manage the expectations of the 2020 workforce.

According to Marie-Louise Elhabre, Chief Executive Officer, AXA Business Services, “Diversity and Inclusion is an important part of our business andis infact a strong lever for business growth. It fosters innovation in an organization as diverse people bring their perspectives to the tableaiding a 360-degree approach and helping organisations proactively meet customer and partner needs better. As we prepare for 2020, it is important to connect with the industry to see how readywe are to implement the new diversity framework and to move towards 100% inclusion. Indeed, while diversity is in nature, Inclusion is a choice. Our AXA Call to Action event seeks to address this need and share back with the industry best practices from the panel discussion.”
The event saw a powerful line-up of panelists:Jaya Virwani, D&I Head, Talent Team, Global Delivery Services, E&Y; Padmapriya S., Head, Business Development, GSC&EBS, SocieteGenerale; Dr. Pradip K Dutta, Group VP – Synopsys Inc. and MD – Synopsys India; Archana Vohra, Director, Seller Enablement, Amazon; Jessie Paul, Founder and CEO, Paul Writer; and Srikrishna Madhavan, Head, Finance Operations CoE, AXA Business Services. The panel was moderated by Prashant Sankaran, Director, Interweave Consulting.

Key topics discussed were:
• Focus on Inclusion: Empowerment, engagement and growth
• Gender Diversity: Beyond empowering and establishing a culture that is gender neutral
• Generational Diversity: Focusing on how to deepen the collaboration between tech-savvy young workforce and senior employees

According to Nagarajan V., Head – HR, Communication, D&I and CR, AXA Business Services,
“The industry has moved away from affirmative action/managing diversity towards holistic diversity and enabling inclusion. Enabling inclusion would require organisations to focus on the twin pillars of addressing subconscious/unconscious bias as well as making the business impactvery apparent.”

About AXA Business Services

AXA Business Services is a 100% subsidiary of AXA, the number 1 insurance organization globally by brand. We are well positioned as a strategic innovation hub to leverage the value proposition that India as a market place presents to provide sustained value to our global partners and employees. We are at the forefront of driving transformation across all of AXA’s business lines: life savings and health, property & casualty, and asset management. We see ourselves as change agents for radical innovations spanning big data, risk modeling, robotic automation, and process and people transformation. Our employees are at the heart of our business and together we move forward in a culture of trust, such that our employees are in charge of the future.