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TCS rolls out salary hike, takes 200-bps impact on operating margin
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Infosys has reportedly deferred a pay hike, India's largest software services exporter Tata Consultancy Services (TCS) has gone ahead with a salary hike to take 200-bps hit on its operating margin. «We have gone ahead and rolled out our annual salary increase with effect from April 1st.
Our operating margin of 23.2% reflects the 200-bps impact of this hike, offset through improved efficiencies,» TCS CFO Samir Seksaria said. The company has given a 12-15% raise for exceptional performers in the latest annual compensation review, and also commenced the promotions cycle.
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