Fourth quarter of Technology major TCS posted rise of 3% in profits, revenues rise by 5% to over Rs 10,150 crore. All the results are in line with expectations except operating margins which was marginally lower.

Watching TCS’s growth in revenue and rise in profits for the fourth quarter, JP Morgan maintained the overweight rating on Tata Consultancy Services. Price target and earnings per share estimates for Technology major of Asia has been raised by brokerage house. JP Morgan forecasted TCS’s FY12 earning per share at Rs 54 and FY13 EPS at Rs 64.8.

Indian bank has awarded an 85 crore deal to Tata Consultancy Services for implementing a financial inclusion solution which will enable the bank for offering banking services to rural India’s 5500 villages, and will be based on smart card and cloud computing technologies.

The software exporter was really excited about the project and was keenly looked forward to.

TCS is all happy and gay by its strong results of the September quarter; in all its segments the firm could achieve double digit growth.

On Friday, TCS dislodged Infosys Infosys to become the tech company with highest market cap. The results of the first quarter have boosted the sentiment in the market to a large extent and the top exporter of software surged by

A senior executive of the Tata Consultancy Services also known as TCS, said that they are depending on a quarterly allowance based on the company’s performances to keep their hands of upcoming talent. With rivals of the stature of Infosys Technologies and Wipro, it has to fight a hard battle to win fresh talent from the circuits.

It seems that the hacking of official and major websites is on a rapid rise. Another major hack has come to light, and this time it is not a Government site, but that of Tata Consultancy Services, the Indian IT giant. The hacking has spurred much concern among other software companies.