Consulting Services TATA (TCS) have delayed their annual wage increases, which were due to begin in April, citing the current macroeconomic uncertainty and concern over the development of the US tariff landscape.
The company’s executives, speaking at a press conference on Thursday, said pedestrians would be expelled later in the financial year, as the environment was stabilized and the company would receive clearer visibility.
“We will decide during the year when we make our salaries,” said Milind Lacad, the outgoing human resources officer (JRO).
The move echoed a similar step TCS took five years ago at the beginning of the Kovid-19 pandemic, when the global business was seriously disturbed. It also highlights current caution within the Information Technology Sector, where companies are closely managing costs in terms of client uncertainties.
Krivasan, Chief Executive Officer, noted that the company had already begun to see signs of strain on customer spending habits.
“BEE has delays in discretionary spending if this continues,” he said, noting project delays and slower ramps, as customers question their budgets in the light of tariffs in anticipation.
While annual wage increases are currently on rest, TCS will continue with quarterly variables payments. For the fourth quarter, 70% of employees will receive 100% of their qualified variable salary, while the rest will receive a variable compensation based on business performance.
Despite delaying wage raises, TCS plans to keep the momentum on campus. The company will hire about 42,000 engineers from engineering colleges this year, in line with the commitment of the previous year. In the fourth quarter ended on March 31, the company added 625 employees, making the total calculation at 607,979. For the full financial year, he noted the net adding of 6,433 employees, which changes a decline of 13,2249 in the previous year.
The attraction reached 13.3% in the fourth quarter, compared to 13% in the previous quarter. Lakad confirmed that the TCS had successfully climbed to 42,000 celebrations during the FY25 as planned.
Q4 and all year round results
TCS released a net profit of 12,224 Rs for the fourth quarter of the FY25, a drop of 1.7% out of 12,434 pounds in the same quarter of FY24. Revenue for the quarter rose 5.3% year by year to 64,479 crowns and increased by 0.79% consecutive.
For the entire financial year, the company reported a net profit of £ 48,553, an increase of 5.8%, while annual revenues reached £ 255,342, which is 6% year by year. With this, the TCS has crossed the $ 30 billion income brand.
The total value of the book deal (TCV) was $ 12.2 billion in Q4FY25, compared to $ 10.2 billion in the previous quarter. TCV was 8.3 billion and $ 8.6 billion for the first two quarter of the year, respectively.
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