IT consultancy earns 10 billion revenues and takes on 40,000 staff

[AtW]

Mmmm. Cloud computing. Virtualization. SaaS. All very exciting stuff.

You'll work with SaaSy?

[MarillionFan]

cuckoo land computing more like it

Mmmm. Cloud computing. Virtualization. SaaS. All very exciting stuff.

[AtW]

"The firm said its double-digit profit growth was fuelled by "game-changing technologies" like cloud computing."

Cloud computing. That sounds like a good game to get into.

cuckoo land computing more like it

[MarillionFan]

"The firm said its double-digit profit growth was fuelled by "game-changing technologies" like cloud computing."

Cloud computing. That sounds like a good game to get into.

[stevejohnson]

Good news from Tata Consultancy Services.

BBC News - Tata Consultancy Services crosses $10bn in revenues

Government play. Working for yourself forever !

[Friday Blue]

i may be talking from my backside, but is it possible that TCS's labour is ~25% of the Accenture's elites? i.e. more people, yes, but also cost alot less --> even with low turnover, profit remains just as much?

i know certain FTSE100 company pays 24k for a principal engineer in india, which is what they pay for grad here.

[Troll]

Case in point, Tata - 240k employees with $10 bln revenues.

Source: Tata Consultancy Services - Wikipedia, the free encyclopedia

IBM - $100 bln revenues (10 times more) with 426k staff (less than double of tatas).

Source: IBM - Wikipedia, the free encyclopedia

That's because IBM are currently using my services

[Scoobos]

I'm going to have nightmares about that MD's face laughing while my opportunities diminish at the cost of ICT and quick bucks for shareholders.

With so many legitimate decent companies going bust in the past 12 years (especially retail) due to this shareholder OR Private Equity / Venture Capital crap - making quick returns and then destroying companies founded years and years ago..

It's not going to work......

[AtW]

Ok, let's take Accedenture -

$27 bln revenue (3 times more than tata) with 244k employees (same as tata - probably lots based in India also).

Source: Accenture - Wikipedia, the free encyclopedia

[yetanotherbob]

Case in point, Tata - 240k employees with $10 bln revenues.

Source: Tata Consultancy Services - Wikipedia, the free encyclopedia

IBM - $100 bln revenues (10 times more) with 426k staff (less than double of tatas).

Source: IBM - Wikipedia, the free encyclopedia

That's because IBM earns a lot of its revenue from product licenses as well while TCS' is almost totally services. Plus, TCS' business model seems to be cheap, quick-trained hires rather than quality.. No one from the really good Indian univs joins TCS ever. Decent engineering graduates join product companies like Google, SAP, Oracle and even Microsoft in addition to the smaller niche companies..

[AtW]

Case in point, Tata - 240k employees with $10 bln revenues.

Source: Tata Consultancy Services - Wikipedia, the free encyclopedia

IBM - $100 bln revenues (10 times more) with 426k staff (less than double of tatas).

Source: IBM - Wikipedia, the free encyclopedia

[Sockpuppet]

There are a load of TCS working where I am. They're doing the IT solution, I'm bolting stuff together.

They're tulip, all of them. When the bloke with the spanners has to teach then SQL there are problems.

[AtW]

Good news from Tata Consultancy Services.

BBC News - Tata Consultancy Services crosses $10bn in revenues

That's probably equivalent of $70-100 bln taken out of western economics without taking into account taxes, money spent by people who earned them - could easily be a trillion...

[MrMark]

Good news from Tata Consultancy Services.

BBC News - Tata Consultancy Services crosses $10bn in revenues