UnNews:TCS hits 3 billion dollars, gifts pocket radio to employees
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26 August 2006
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MUMBAI, India -- Tata Consultancy Services, India's largest software services company, today announced its financial results for the year 2005-06. Revenues for the year crossed USD $3 billion and TCS became the first Indian IT company to hit the milestone.
TCS has decided to celebrate this achievement in grand style. The company has decided to gift each of its employees a pocket radio device. It may be recalled that Cognizant Technology Solutions, an IT Company, had presented each of its employees with an Apple iPod Portable Music Player. Mr. S Ramadorai, CEO of TCS, told mediapersons that TCS too had planned to gift iPods to its employees, but discovered that the workforce of TCS was so large that the world-wide production capacity of iPods was not sufficient to meet the order that TCS was planning to place.
The devices would be delivered at every employee’s desk on 1st June, 2006. Employees have been asked to register themselves with the HR Department for the gift. Mr. Ramadorai hoped that this exercise would enable the company to calculate the actual size of its workforce, a count which had not been taken since 1999.
- Yahoo News "Indian IT firm employs more people than population of India". Associated Press, August 26, 2006