Mahalingam

In order to maintain its operating margin in the 27%-28% range, wage costs have to be brought down to 56% of the total expenses from 59% at the end of the just-ended quarter, Mr. Mahalingam said.

Tata Consultancy Expects Operating Margin to Narrow Kenan Machado 2011

The increase in wages will eventually lead to a 3.2% rise in the company's total expenses this fiscal year, Mr. Mahalingam said.

Tata Consultancy Expects Operating Margin to Narrow Kenan Machado 2011

In the past quarter, TCS realized revenue at about 46.10 rupees to the dollar, Mr. Mahalingam said.

TCS to Cut Costs to Protect Margin Bijou George 2011

Mr. Mahalingam expects a marginal improvement in the price of services to help the company's margin.

Tata Consultancy Expects Operating Margin to Narrow Kenan Machado 2011

Mahalingam said the company's business volume could slip from the past quarter's 6.3% due to fewer business days in the holiday season and the uncertain global economic situation that may affect clients' spending plans.

TCS to Cut Costs to Protect Margin Bijou George 2011

If the company's volume growth drops to 3%-4% this quarter, TCS will need a little help from the Indian rupee--a fall the in local currency's value against the dollar--to maintain its operating margin, Mr. Mahalingam said.

TCS to Cut Costs to Protect Margin Bijou George 2011

The company plans to hold off making fresh currency hedges for the rest of this fiscal year through March as it managed to catch only part of the dollar's rise amid unprecedented market volatility, Mr. Mahalingam said.

TCS to Cut Costs to Protect Margin Bijou George 2011

Mr. Mahalingam said he expects margins to improve.

Tata Consultancy Net Profit Jumps 28% Kenan Machado 2011

TCS has currency hedges covering its net overseas revenue for the quarter through December at around 47.50 rupees a dollar, and the quarter after that at around 48.50 rupees, Mr. Mahalingam said.

TCS to Cut Costs to Protect Margin Bijou George 2011

Mahalingam, chief financial officer and executive director, said in a statement.

TCS Profit Rises 14.7% Kenan Machado 2011