Riding on revenue growth, Tata Consultancy Services (TCS) has inked two large office space deals in the last quarter. TCS, India’s largest software firm, signed a 400,000 sq ft office space deal in Okaya Tower in Noida’s Sector 62.

It is expected to pay a rent of Rs 19 crore a year, or Rs 40 a sq ft a month, on the property. The lease deal is one of the largest in the National Capital Region (NCR) this year.

Global software major Tata Consultancy Services (TCS) is the top employer in the Indian IT industry, followed by Infosys, Cognizant and Wipro, the industry's representative body National Association of Software and Services Companies (Nasscom) said on Monday.

According to the Nasscom annual rankings of top IT-BPM (business process management) employers in the country for 2016, TCS heads the Indian IT industry, with 362,079 employees.

TCS iON, a strategic business unit of Tata Consultancy Services (TCS), will create an additional two lakh seats across 200 new centres. The expansion includes TCS iON's proposed and biggest facility at Kolkata.

TCS iON, a strategic unit of TCS, focuses on educational institutions and exam boards with cloud-based solutions. It offers technology-led solutions for small and medium businesses, educational institutions and exam boards to digitise examinations in India.

Tata Consultancy Services (TCS), India’s largest information technology services provider, entered the financial year 2016-17 with a strong growth. The first quarter numbers beat Bloomberg estimates on both topline and profit numbers.

Net profit for the quarter at Rs 6,318 crore was up 10.6 per cent from Rs 5,708 crore in the corresponding quarter last financial year. This was the second time when TCS surpassed Street estimate on profitability, after missing it for six quarters. Sequentially, profits were down marginally by 0.4 per cent.

Shares of Tata Consultancy Services (TCS) were trading in green in the morning trade on Thursday ahead of its earnings for the first quarter ended June 30, 2016.

At 10.10 am, TCS was trading 0.35 per cent up at Rs 2,500. The scrip opened at Rs 2488.50 and has touched a high and low of Rs 2,512 and Rs 2472.05, respectively, in trade so far.

The $100-billion Indian IT services export industry is unlikely to see a major impact from the new Bill proposed by two US lawmakers seeking further restrictions on H-1B and L-1 visas as the planned legislation is not expected to pass in the current form even as India centric technology companies have increased their hiring of American citizens.

Brexit, currency volatility, visa cost and wage hikes are among the key factors likely to impact results for of the Indian IT services sector in the first quarter ended June 30, 2016. The April-June quarter is traditionally a strong quarter for the topline growth of companies.

Estimates for Q1FY17 numbers of Tata Consultancy Services (TCS), India’s largest IT services provider that begins the results season by announcing them on July 14, is better placed than last year.

Tata Consultancy Services (TCS) is partnering with the Royal College of Physicians in Ireland to deploy iON cloud solutions to create an online community of doctors. The new tool called The Physician Network is a resource based on the TCS iON Digital Learning Platform to enable virtual 'common-interest communities' and facilitate best practice knowledge-sharing.

V Ramaswamy, Global Head, TCS iON said that doctors will be able to collaborate from any location around the world, using the mobile-optimised solution to share insights and learnings with other medical professionals.

Doing business in overseas markets is fraught with risks; more so when companies enter new markets through leveraged buyouts. But in some cases, the risk taken turns out to be well worth it.

Consider the Tata group. On the face of it, its bravado looks misplaced, as some of its big global bets are backfiring. Its investment in Corus Group Plc.—the largest ever acquisition by the group—is practically a write-off. Now, Brexit threatens to spoil things for Jaguar Land Rover (JLR) and the European operations of Tata Consultancy Services Ltd (TCS).

The $150-billion Indian IT industry may have to experience short-term pains like delays in getting new contracts or dealing with a fluctuating currency but in the long term it stands to benefit from UK’s decision to exit from European Union. In the medium to long term, as UK tries to find its economic feet, its firms will have to continue to find ways to remain competitive and hence seek additional outsourcing expertise.

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