TCS reducing salaries and wins a mega contract

Salary Cuts
http://sify.com/news/fullstory.php?id=14597455

Followed by Major Deal news
http://timesofindia.indiatimes.com/TCS_bags_Rs_784-cr_outsourcing_deal/articleshow/2743786.cms

Well I this is one company which has been run by the book. In this case chapter being EVA. I remember my time in 2000 when recession hit US markets and Dollar was weak. TCS was probably the only company which reduced salaries of staff then many other companies like Infosys took back offers and in some cases staff was let go.

This time again challenges are similar US economy slowing, rupee strong but TCS still continues to be a leader in the pack, TCS has steadily continued on the path of bigger deals, diversified its business from US centric to global in the true sense (Europe, Emerging Markets...) etc.

So while true concepts of EVA do incline towards taking measures like cutting salaries but overall health of Indian Economy and IT growth story is still intact and TCS having learnt the lessons from past should be ready for such situations (as it seems from diversification, maturity and globalization)