Pinnacle Report

Pinnacle Report

What does TCS Q3 FY23 results mean for new hiring and promotions?

Can a 13% increase in revenue indicate sustained hiring? How will a 21% attrition influence promotion decisions in coming months?

Jan 10, 2023
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Tata Consultancy Services has fared considerably well amidst the uncertainty in the global economy today. As reported in the TCS official press release, the revenue growth has been a spectacular 13.5% year-over-year in CC. The revenue growth has been 8.4% year-over-year in USD. The top markets of TCS continued to be North America and the United Kingdom, where it saw a 1.4% growth year-over-year. However, a attrition level of 21.3% and a dividend of ₹75 per share along with a special dividend of ₹67 per share is a cautious sign for many. With various indicators of constrained spending by clients, it is only a matter of time when the volatility catches up to one of the most prestigious and stable organization in the software service industry. In this article we will deep dive into:

  • TCS 2023 Growth Opportunity

  • TCS 2023 Promotions

  • TCS 2023 Hiring

  • TCS 2023 NQT

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Photo by Studio Republic on Unsplash

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