Volume : 3, Issue : 12, December - 2014

An Appraisal of Financial Performance of Tata Consultancy Services Limited (TCS)

Dr. A. S. Hema

Abstract :

In the digital era, the need for software development companies has increased to a greater extent. As a result, the IT sector has witnessed a mushroom growth of software development and consultancy companies in the recent past. These companies develop both readymade software and tailor-made software according to the needs of their clients. They recruit employees mainly through campus interviews conducted in educational institutions like Engineering Colleges, Arts & Science Colleges and Polytechnics. They provide attractive packages to their employees. The recent economic slowdown has rocked the industry very much, following which many companies have downsized their employees with a view to cutting costs. In this context, the present study appraises the financial performance of one of the leading companies in the IT sector, Tata Consultancy Services Ltd.