DATE: Jan 19th, 2009
Bank of America-Merrill Lynch upgraded TCS to buy from underperform. TCS released their earning last week and reported a 33% increase in profits. TCS was one of the outsourcing vendors which has seen a positive uptick in all their industry verticals. Bank of America recently also upgraded Infosys from underperform to buy .
Overall there seems to be a positive momentum in the outsourcing industry as it shows signs of coming out of a recession period and showing signs of growth.
Related Posts
- September 2, 2010 -- TCS establishes firm footing in UK insurance markets
- May 26, 2010 -- TCS implements Bancs product at National Bank of Kuwait
- May 5, 2010 -- Rahul Singh, MD of TCS e-Serve to head HCL BPO arm
- April 26, 2010 -- TCS to get their core banking product installed in Deutsche Bank ?
- April 21, 2010 -- TCS to offer engineering services to Rolls Royce aerospace
- April 21, 2010 -- Frugal Innovation – From India to rest of the world
- April 19, 2010 -- TCS Q4-2010 – earnings, metrics and learnings
- April 5, 2010 -- Bank of America to switch HR outsourcing providers, moving to Hewitt 2011
- March 15, 2010 -- TCS signs five year IT infrastructure deal with Malaysia Airlines
- March 3, 2010 -- UK Pension Deal with TCS – some work stays onshore ?
