Why TCS despite not meeting estimates for 7 out of 8 quarters has fallen the least? Mahantesh Sabarad answers

“Wipro has been coming off a weak base and due to this fact these numbers that you’ve talked about when it comes to doing higher relative to what they’ve completed previously has stood out however the deal win momentum has been fairly sturdy for relative to what it has been for Wipro. That tells us … Read more

TCS revenue growth to slow after strong Q3 results: Fitch Ratings

After robust 3QFY23 outcomes, () income development is more likely to gradual within the monetary 12 months ending March 2024 (FY24) amid the worldwide financial slowdown, in accordance with Fitch Scores. TCS reported a 19% year-on-year (YoY) income development within the December quarter of FY23 and a 50 bps quarter-on-quarter (QoQ) enlargement within the EBITDA … Read more

TCS Q3 earnings: IT major posts lower-than-expected profit as clients tighten spending

(Reuters) – India’s Tata Consultancy Services Ltd on Monday reported a lower-than-expected profit for the third quarter, as clients tightened spending amid a difficult macro-economic surroundings that prompted the nation’s high IT exporter to cut back its workforce. TCS is the primary amongst its friends to report quarterly earnings, setting the tone for the business, … Read more

TCS Q3 results fail to lift share prices. Here’s what brokerages say

NEW DELHI: The December quarter earnings of India’s largest software program exporter or TCS failed to impress buyers regardless of shocking on the income entrance. Shares of the heavyweight IT firm have been buying and selling 2.5% decrease at Rs 3,237.05 within the morning session on Tuesday. TCS’s Q3 income progress of 19.1% YoY at … Read more

Is TCS’ Q3 scorecard enticing enough to change fortune of its investors?

Technology major pleasantly surprised Dalal Street investors with its December quarter earnings, as the 5.3% sequential growth in consolidated revenue is the highest in more than 10 quarters, and it has come during the lean period for the sector due to higher furloughs. On Monday, reported consolidated revenue of Rs 58,229 crore, which is 19% … Read more

TCS Q3 net profit grows 11% YoY to Rs 10,846 crore

Mumbai | Bengaluru: (TCS) reported 11% on-year development in net profit for the third quarter of the monetary yr. An ET ballot of analysts had anticipated the Mumbai-headquartered firm’s profits to develop by 12.5%. The firm additionally noticed a discount in its complete workforce for the primary time in ten quarters because it slowed down … Read more

TCS looks well placed to sail through turbulent macroeconomic scenario in key markets

File picture of Tata Consultancy Services campus Synopsis While the administration has expressed confidence over the demand momentum, warning is in the air provided that over three-fourth of its income is generated in the US and Europe, the areas which can be possible to be affected due to macroeconomic challenges. ET Intelligence Group: Tata Consultancy … Read more

Booster shot: ADRs of Infosys, Wipro rise on strong Q3 results from peer TCS

The American Depository Receipts (ADRs) of and rose on the New York Stock Exchange Monday, buoyed by the encouraging numbers of peer Limited () for the quarter ended December. ADRs of Infosys traded 1.3% increased at $18.05, and people of Wipro had been up 2.2% at $4.8. Staving off the weak seasonality issue, TCS reported … Read more

Revenue growth a positive but at 25X, TCS valuation slightly expensive: Mitul Shah

“Even if we give a 10-15% premium to historical valuation, 22X, 23X could be a comfortable valuation. We believe that after this result, commentary would be very important, wherein any positive outlook towards FY24 or US recession related commentary would be critical,” says Mitul Shah, Head of Research – Institutional Equity, Reliance Securities What is … Read more

TCS announces interim and special dividend of ₹75 per share for FY23

IT bellwether Tata Consultancy Services (TCS) on Monday introduced a dividend and special interim dividend of ₹75 per fairness share for fiscal FY23. Last month, the IT large had mounted 17 January because the document date to find out eligible shareholders for the third interim dividend. “We want to inform you that on the Board … Read more

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