Bengaluru: Cognizant Technology Solutions Corp. has done more business or added more incremental revenue in calendar year 2015 than India’s three largest software firms, including Tata Consultancy Services Ltd (TCS), Infosys Ltd and Wipro Ltd, put together—a fact which underlines why last year was bad for the poster boys of India’s $146 billion outsourcing sector.

Tata Consultancy Services Ltd (TCS) on Tuesday said that its performance in the December quarter was pretty steady, barring the sharp decline in its India business. But analysts and investors are growing tired of such assessments. The company’s growth has fallen short of the Street’s expectations for six straight quarters now, and investors’ patience is running thin.

TCS Q3 results today: Kotak Institutional Equities expects the company to register a constant currency revenue growth of 1 per cent after taking an impact of 60 basis points from Chennai floods.

IT major Tata Consultancy Services (TCS) is slated to announce its third quarter earnings on Tuesday. The December quarter for overall IT companies is seasonally weak owing to furloughs and a lower number of working days. This time the woes were compounded by the recent floods in Chennai.

As Tata Consultancy Services (TCS), India's largest IT services company kickstarts the earning season on Tuesday for the December quarter, its financial numbers are expected to be keenly watched out for given that the Mumbai-headquartered company had earlier hinted its revenue growth to be impacted because of the disruption of works due to Chennai floods.

In December last year, the company had said that it was 'expecting material impact' on the company's revenues as the torrential rains and subsequent floods in Chennai impacted the normal functioning of its offices. Industry analysts however don't expect much of a pressure on the company's growth in October-December period of FY16.

MUMBAI: TCS, ITC, HCL Tech, Tata Motors, Idea Cellular and MRF are among the stocks identified by Ambit Capital that could fetch multi-fold returns. The brokerage has identified 30 stocks in the BSE 500 index based on accounting quality and corporate governance filters.

BENGALURU/MUMBAI: Tata Consultancy Services, which ended initial talks with Dell for its Perot IT business after a disagreement over price, is back at the table and is locked in a bidding war with rivals such as US-based Cognizant, three people familiar with the negotiations said.

"TCS left when the asking price was too high. But over past two weeks there has been more movement on price from Dell. They still have not agreed on a price," said one of the people with direct knowledge of the talks.

MUMBAI/BENGALURU: Tata Consultancy Services negotiated with Dell to buy its information technology management business Perot Systems, but a disagreement over price resulted in the talks falling through, two people directly aware of the discussions said.

N Chandrasekaran, the CEO of India's largest software company, and TCS global head of merger and acquisitions Debasis Poddar, were involved in the talks that took place at least a week ago, according to the sources.

Shares of Tata Consultancy Services were up over 1% after the company announced that it has been selected by leading global aviation group Deutsche Lufthansa AG to provide testing services and help improve the quality of services of their technology operations.

The deal is part of Lufthansa's IT-transformation initiative to accelerate speed to market, improve customer experience and enable innovation and continuos improvement, the company said in a release.

After Tata Consultancy Services (TCS), Wipro too has issued a warning saying that disruption at its Chennai facilities due to recent floods and the costs associated with subsequent invocation of business continuity plans would have a material impact on the performance of the company in the October-December quarter of FY16.

Wipro’s warning comes on the heels of a similar announcement by India’s largest IT services firm Tata Consultancy Services.

Shares of TCS have slipped by over 1% to Rs 2,360 on the Bombay Stock Exchange (BSE) after the company announced that the recent flood in Chennai led to major disruptions in its ability to function.

The normal business functioning of company's facilities had to be halted in the city all week since December 1 due to flooding. This is expected to have a material impact on the company's revenues in the seasonally weak Q3 December 2015, it added.

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