TCS grows DXC declines and celebrates that as progress

TCS doing everything DXC management dream off.

Middle management stop creating bureaucracy and start growing the company. Sal you need to cut them middle layers they are a waste, you need growth not celebrate a slower rate of decline every quarter as a major achievement.

TCS summary
Revenue growth 17%
Profit growth 28.75%
Strong demand once in a decade opportunities
Revenue growth in UK and Latin America

India's largest software exporter Tata Consultancy Services Friday reported nearly 17 percent revenue growth in the third quarter of the year, driven by steady demand and recovery of its India business.

The IT giant's net profit of 96.24 billion rupees ($1.28 billion) for the quarter was 28.75 percent more than same period last year.

Its revenues, driven by strong growth in all its business segments, grew 16.77 percent to 468.67 billion rupees ($6.24 billion) in the same period.

"The strong and sustained demand environment is a once-in-a-decade opportunity to position ourselves as the preferred growth and transformation partner for our customers," TCS chief executive Rajesh Gopinathan said in a statement.

Its overseas growth was led by North America, which contributes 50 percent of its business, and saw revenue growth of 17.4 percent year-on-year.

The revenues from the United Kingdom and Latin America also grew between 15 and 17 percent year-on-year.

The company earns more than 80 percent of its revenues from its Western markets outside of India.

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Unfortunately until the staff are paid correctly nothing much will improve.

24% of staff leaving.

Externally recruited staff paid a premium
Over existing delivering staff.

Pay raises miniscule unless your an executive then its 50%.

The top people on incompressible pay rates.

No share scheme for lower staff.

So many obvious blatant issues which the company is not addressing.

So yes quality will become mediocre and the company will decline as customers have realised how poorly the staff are treated.

Things need to change quickly.

Wipro just announced a cracking Q2 also! ITO is all India based, it will take a well oiled delivery machine to win some back...

voluntary WFR, THEN quit that is voluntary.

In reply to: "Love my job , I do almost nothing all day long. I've asked for work numerous times as well, but if they don't want to use my expertise then the heck with them"

I was having to work extra to cover the number of people who'd be WFR'd from my team. I asked for voluntary WFR. I begged for voluntary WFR. But they said I was the sort of person they needed to retain. So I decided to only work my hours, and beg for WFR. But they kept me anyway.

So I quit. After two years, with nothing to go to. I didn't get my WFR payout, and I didn't care. What I did get was a much better job with a much better company. I wouldn't go to TCS though, as their reputation ain't good when it comes to how they treat their staff.

I've gone back to working for an EU based company who understands how to look after people, and even pays the bonus that's written into my contract.

Life's great, as soon as you're out of DXC.

More just want a fair raise.

Inflation is sky rocketing, there's staff shortages everywhere and this company will only give you a decent raise if you leave and comeback, not if your doing a good job in the company.

So they have no clue of incentivizing staff except for thank you emails etc.

Pay raises is what people need, can't be clearer than that. Hopefully something for Christmas.

Most just want a package now.

"Watching WFR chances go passing by
Skills ain't the latest thing
I'm just standing in a doorway
I'm just trying to make some sense
As these WFR chances go passing by
The tales they tell of men
I'm not waiting for DXC success
I'm just waiting for WFR"
https://www.youtube.com/watch?v=MKLVmBOOqVU

If anyone reading here is disgruntled or just sitting tight for retirement - you should leave as soon as possible! Yes, leaving supports DXC (in short term), but look after 'Jack' first!

Why would we help DXC? DXC only gave us a 4% pay raise after 7+ years and inflation was over 18% in that same time. So we got nothing! The CEO got 50% increase, so I say F DXC and we take what ever we can get.

Love my job , I do almost nothing all day long. I've asked for work numerous times as well, but if they don't want to use my expertise then the heck with them

The problem with DXC is after 2 years of highly paid execs thier big achievements are

1) Normalising a annual pay review, meant for July but delayed again till August. Which company gives pay reviews in August? It supposed to be December or April. They just delay it a quarter or 2 to save money. And then they say they have achieved a great milestone giving a 1-3% pay rise. What a joke they make of staff.

2) Slowing the pace of decline in the company as its hit rock bottom any from $24 billion to $16 billion and that's classed as an achievement.

3) No dividends for shareholders for over a year when even Mike lawrie paid dividends. Another achievement.

And on......

Achievements are when staff are given incentives (not just $5milion to the HR exec Mary and the delivery guy Vinny) but to all staff should get a decent rise. Are we saying In all of the company that Mary and vinny are the only ones delivering and worthy of such gross amounts.

Achievement is when revenues are growing 20% not declining 15%.

Achievement is when the stock price is $100 not $35 and shareholders receive a dividend.

All this when IT and digital services are booming, theres a revolution out there and DXC still losing business.

Really disappointing but something that could be fixed.

There's a long way to go but until they stop screwing the staff every way they can, the company is always running in 2nd gear.

They need to issue Christmas bonuses, share options, and move to a decent pay review in April, that might be the start to get this tanker running again.

India based Gsi's have low enough cost base to make money of traditional ITO business and they are sweeping up as other outfits retreat!

TCS, INFOSYS, WIPRO etc.. also do digital and cloud as well as any other!

If DXC want ITO that desperately, there is an awful lot of pain ahead. I believe about 20% of the DXC workforce *cost out at between $19 - $60 per hour (offshore) the remaining 'labour pyramid' is not competitive wrt resourcing ITO deals.

DXC has aspirations to 'right' the pyramid, but it has at least 30% of the workforce to lose outright - there is not enough business to support so many 'middle diddles'! Another 30% of the roles need to migrate offshore.. I just ain't gonna happen.

If anyone reading here is disgruntled or just sitting tight for retirement - you should leave as soon as possible! Yes, leaving supports DXC (in short term), but look after 'Jack' first!

I would say, the situation is somewhat analogous to a collapsing pension fund, those that move early save themselves a whole world of pain!

Yeah, but you can’t begin to compare small fry like DXC to the like and scale of TCS who have run a professional operation for over 50 years. DXC have stumbled from one mess to another and has lacked consistent direction, poor leadership,, lack of cloud expertise and still flogging infrastructure services to a dwindling market. It’s not even in the same league. It’s already demonstrated it wasn’t even worth the 10 billion ATOS offered it before they decided not to. ATOS shares dipped but bounced back when ATOS announced it wasn’t going to buy DXC, whereas DXC’s shares when their investors were more disappointed the deal feel through. That was the only chance DXC had. So no, DXC will continue on its downhill trajectory I’m afraid.

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TCS grows DXC declines and celebrates that as progress

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