TCS Q4: IT investors would do well to temper their expectations
1 year, 8 months ago

TCS Q4: IT investors would do well to temper their expectations

Live Mint  

Investors in the IT sector were nervous as they headed into the Q4FY23 earnings season, and to add to their worries, Tata Consultancy Services Ltd, the sector bellwether, failed to meet consensus estimates. Analysts at Jefferies India Pvt Ltd note that the company’s revenue growth was the slowest since Q1FY21. A slowdown in the key banking financial services and insurance vertical in the second half of the quarter, weighed on TCS revenue growth. Ltd. Investors would do well to take cues from TCS Q4FY23 earnings and keep their expectations low about the sector’s medium-term earnings performance, amid the muted global macro-economic environment.

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Earnings growth slowdown appears temporary, says Franklin Templeton's Hari Shyamsunder
1 day, 5 hours ago

Earnings growth slowdown appears temporary, says Franklin Templeton's Hari Shyamsunder

Live Mint  

Government capex would align with nominal GDP growth in times to come while private capex is expected to gather pace over the next three to five years, driven by higher capacity utilisation and an uptick in investments in emerging sectors such as renewables and electric vehicles, according to Hari Shyamsunder of Franklin Templeton. Looking ahead, the government capex is expected …

2024 market recap: Domestic Investors’ optimism drives D-Street higher; mid and small-caps lead
Trending News
1 week ago

2024 market recap: Domestic Investors’ optimism drives D-Street higher; mid and small-caps lead

Live Mint  

As 2024 draws to a close, the broad market has delivered a respectable 20% return. India's corporate earnings growth was 25% YoY in December 2023, and this trend continued into March 2024, albeit at a slower QoQ pace, but sufficient to sustain the market rally. However, the trend shifted by the end of September as corporate earnings, which had begun …

Q2 GDP slowdown: What it means for stock market investors
3 weeks, 1 day ago

Q2 GDP slowdown: What it means for stock market investors

India Today  

India’s economy hit a speed bump in Q2 FY25, with GDP growth slowing to 5.4%—the weakest in seven quarters. For stock market investors already navigating weak corporate earnings and persistent foreign outflows, this slowdown adds to the challenges on Dalal Street. Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, "The Q2 GDP shocker of 5.4% will weigh on …

TCS Share Price Today on 28-11-2024: TCS share price are down by -1.29%, Nifty down by -0.68%
3 weeks, 4 days ago

TCS Share Price Today on 28-11-2024: TCS share price are down by -1.29%, Nifty down by -0.68%

Live Mint  

TCS Share Price Today on 28-11-2024: At 28 Nov 11:15 today, TCS shares are trading at price ₹4276.4, -1.29% down from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

TCS Share Price Today on 26-11-2024: TCS share price are up by 0.08%, Nifty down by -0.07%
Trending News
3 weeks, 6 days ago

TCS Share Price Today on 26-11-2024: TCS share price are up by 0.08%, Nifty down by -0.07%

Live Mint  

TCS Share Price Today on 26-11-2024: At 26 Nov 11:00 today, TCS shares are trading at price ₹4318.4, 0.08% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

TCS Share Price Today on 25-11-2024: TCS share price are up by 1.18%, Nifty up by 1.72%
Trending News
4 weeks ago

TCS Share Price Today on 25-11-2024: TCS share price are up by 1.18%, Nifty up by 1.72%

Live Mint  

TCS Share Price Today on 25-11-2024: At 25 Nov 11:00 today, TCS shares are trading at price ₹4295.95, 1.18% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

TCS Share Price Today on 22-11-2024: TCS share price are up by 1.44%, Nifty up by 0.87%
1 month ago

TCS Share Price Today on 22-11-2024: TCS share price are up by 1.44%, Nifty up by 0.87%

Live Mint  

TCS Share Price Today on 22-11-2024: At 22 Nov 11:58 today, TCS shares are trading at price ₹4136, 1.44% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,300 days SMA & lower than the 50,100 day SMA. The stock will have support at 5,10,20,300 days SMA & face resistance at 50,100 days …

Indian stocks to stay flattish for 3 months as earnings, valuations weigh, says Goldman
1 month ago

Indian stocks to stay flattish for 3 months as earnings, valuations weigh, says Goldman

Live Mint  

Nov 21 - Indian equities are likely to remain rangebound over the next three months, following their recent slide into correction territory after the worst earnings season in four years and nursing still-high valuations, Goldman Sachs said. The Wall Street brokerage, which remains tactically "marketweight" on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in the next …

India Inc's Q2 has been tepid. Is a recovery in sight?
1 month ago

India Inc's Q2 has been tepid. Is a recovery in sight?

Live Mint  

India Inc. faced another challenging quarter in July-September as corporate earnings continued the recent trend of lukewarm performance. This was particularly evident in revenue growth, which hit a four-quarter low, dragging down net profit expansion for the fifth consecutive quarter, a Mint analysis showed. Costs surge An analysis of expense patterns shows that while aggregate spending held steady at 82% …

BHARAT DYNAMICS Q2 Results 2024: Profit Falls by 16.7% YOY
1 month, 1 week ago

BHARAT DYNAMICS Q2 Results 2024: Profit Falls by 16.7% YOY

Live Mint  

BHARAT DYNAMICS Q2 Results 2024:BHARAT DYNAMICS declared their Q2 results on 14 Nov, 2024, revealing a significant decline in profits and revenues compared to the same quarter last year. Earnings per Share for Q2 stood at ₹3.34, which marked a significant drop of 58.41% year-over-year, further highlighting the challenges faced by BHARAT DYNAMICS in maintaining profitability. As of 17 Nov, …

Hindustan Aeronautics Q2 Results 2024: Profit Rises by 22.14% YOY
1 month, 1 week ago

Hindustan Aeronautics Q2 Results 2024: Profit Rises by 22.14% YOY

Live Mint  

Hindustan Aeronautics Q2 Results 2024:Hindustan Aeronautics declared their Q2 results on 14 Nov, 2024, reporting a strong performance with a profit increase of 22.14% year-over-year. In comparison to the previous quarter, Hindustan Aeronautics experienced significant growth, with revenue soaring by 37.46% and profit increasing by 5.1%. On a positive note, the operating income for Q2 was up by an impressive …

Thermax Q2 Results 2024: Profit Rises by 24.92% YOY
1 month, 1 week ago

Thermax Q2 Results 2024: Profit Rises by 24.92% YOY

Live Mint  

Thermax Q2 Results 2024:Thermax declared their Q2 results on 13 Nov, 2024, showcasing a robust performance with a topline increase of 13.43% year-over-year. As of 14 Nov, 2024, out of 19 analysts covering Thermax, the ratings are mixed, with 1 analyst giving a Strong Sell rating, 8 analysts suggesting Sell, 6 analysts recommending Hold, while 2 analysts have issued Buy …

Q2 Results: Jefferies’ Chris Wood flags steepest earnings downgrades for India Inc since 2020
Trending News
1 month, 1 week ago

Q2 Results: Jefferies’ Chris Wood flags steepest earnings downgrades for India Inc since 2020

Live Mint  

In a recent GREED & fear note, Christopher Wood of Jefferies reported that disappointing results from India Inc. in the July-September quarter prompted the steepest earnings downgrades since early 2020. Earnings Downgrades Amid Economic Challenges Jefferies slashed FY25 earnings per share estimates for 63 per cent of the 121 companies that reported September quarter results. Jefferies now projects that Nifty …

TCS Share Price Today on 11-11-2024: TCS share price are up by 1.21%, Nifty down by -0.03%
1 month, 1 week ago

TCS Share Price Today on 11-11-2024: TCS share price are up by 1.21%, Nifty down by -0.03%

Live Mint  

TCS Share Price Today on 11-11-2024: At 11 Nov 16:00 today, TCS shares are trading at price ₹4195.05, 1.21% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,300 days SMA & lower than the 50,100 day SMA. The stock will have support at 5,10,20,300 days SMA & face resistance at 50,100 days …

Trent Q2 Results Live: Profit Rises by 44.31% YOY
1 month, 2 weeks ago

Trent Q2 Results Live: Profit Rises by 44.31% YOY

Live Mint  

Trent Q2 Results Live : Trent Limited announced its Q2 results on November 7, 2024, showcasing a remarkable performance with a 39.37% increase in revenue year-over-year and a significant profit rise of 44.31%. Despite a quarterly comparison that reveals a slight revenue growth of 1.27% and a profit decrease of 13.71%, the annual figures highlight Trent's strong market position. In …

TCS Share Price Today on 05-11-2024: TCS share price are up by 0.29%, Nifty up by 0.91%
1 month, 2 weeks ago

TCS Share Price Today on 05-11-2024: TCS share price are up by 0.29%, Nifty up by 0.91%

Live Mint  

TCS Share Price Today on 05-11-2024: At 05 Nov 16:01 today, TCS shares are trading at price ₹3973.85, 0.29% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

TCS Share Price Today: Technical and Fundamental Analysis Indicates Potential Trend Reversal
Trending News
1 month, 3 weeks ago

TCS Share Price Today: Technical and Fundamental Analysis Indicates Potential Trend Reversal

Live Mint  

TCS shares rise on positive news, with the stock price up by 0.87% and the Nifty up by 0.65%. The stock has hit a high of ₹4133 and a low of ₹4051.05 during the day, and is trading above the 5,10,300 days SMA & lower than the 20,50,100 day SMA. The company has a ROE of 50.75% and a P/E …

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings
2 months ago

Paytm Soars on Strong Q2FY25 Performance, With Analysts Upgrading Ratings

ABP News  

Paytm's Q2FY25 earnings show significant growth and profitability, with analysts upgrading their ratings and setting new price targets. The company's strong revenue growth, improved profitability, and approval from the National Payments Corporation of India (NPCI) to onboard new UPI users are key factors driving optimism. Paytm's positive analyst ratings reflect the company's potential for sustainable growth and long-term value creation.

TCS Share Price Today: Technical and Fundamental Analysis Indicates Upward Trend
Trending News
2 months ago

TCS Share Price Today: Technical and Fundamental Analysis Indicates Upward Trend

Live Mint  

TCS shares rise on positive news, trading at a high of ₹4092.95 and a low of ₹3986.55. The stock has gained 1.92% today, outperforming the Sensex which gained 0.39%. The company's technical analysis shows support at 300 days SMA and resistance at 5,10,20,50,100 days SMA. The company's fundamental analysis shows a ROE of 50.75%, a P/E of 31.18, and a …

TCS Share Price Today on : Up 0.41% and Nifty Up 0.39%
2 months ago

TCS Share Price Today on : Up 0.41% and Nifty Up 0.39%

Live Mint  

TCS shares rise on positive news, with the stock price up by 0.41% and the Nifty up by 0.39%. The stock has hit a high of ₹4146.1 and a low of ₹4090 during the day, but it remains above the 300 days SMA & lower than the 5,10,20,50,100 day SMA. The stock has key support at 4088.92 and 4072.43, and …

Tata Group Stocks Soar as Ratan Tata's Legacy Transforms the Indian Business Landscape
2 months, 1 week ago

Tata Group Stocks Soar as Ratan Tata's Legacy Transforms the Indian Business Landscape

ABP News  

Tata Group stocks surge on Thursday, with several companies reaching new highs. Tata Investment shares soar by 15.03%, reaching a high of Rs 7,534.90 on the BSE. Tata Chemicals rises 8.53%, reaching Rs 1,200 per share, while Tata Elxsi climbs 2.52%, reaching Rs 7,802.95. Tata Power increases by 1.9%, reaching Rs 469.65, and Indian Hotels gains 2.03%, reaching Rs 707.65.

Trent Q1 Results Live : profit rise by 126.3% YOY
4 months, 1 week ago

Trent Q1 Results Live : profit rise by 126.3% YOY

Live Mint  

Trent Q1 Results Live : Trent Q1 Results Live: Trent declared their Q1 results on 09 Aug, 2024. The company reported a notable increase in its Selling, General & Administrative expenses, which rose by 27.75% quarter-over-quarter and saw a significant year-over-year increase of 278.98%. Despite the mixed quarter-over-quarter performance, Trent's operating income showed a substantial year-over-year increase of 90.89%, although …

TCI: ICICI Securities initiates coverage with ‘buy’, sees 20% upside in next 12 months – here’s why
4 months, 3 weeks ago

TCI: ICICI Securities initiates coverage with ‘buy’, sees 20% upside in next 12 months – here’s why

Live Mint  

Just around 6 percent away from record high, Transport Corporation of India is expected to see 20 percent upside in the next 12 months. "Key points: 1) In the process of refining freight mix in favour of higher-margin LTL business; 2) Capex in high-margin sea freight segment likely to improve overall margins; 3) Improving performance of JVs expected to result …

Q1 2024-25 results today: ICICI Bank, PNB, IDFC First Bank, Dr. Reddy's Laboratories, REC, MCX, check full list
4 months, 3 weeks ago

Q1 2024-25 results today: ICICI Bank, PNB, IDFC First Bank, Dr. Reddy's Laboratories, REC, MCX, check full list

Hindustan Times  

Around 30 companies are slated to announce their first quarter results for the financial year 2024-25 on Saturday, July 27. These include companies like ICICI Bank, IDFC Bank, REC Ltd, and Dr. Reddy's Laboratories. 3P Land Holdings, Alankit, Alkali Metals, Anant Raj, Asahi Songwon Colors, BWL, Dr. Reddy's Laboratories, Finolex Industries, Genus Power Infrastructures, Gujarat Cotex, ICICI Bank, IDFC First …

Q1 results, global trends to influence trading activity in markets in holiday-shortened week: Analysts
5 months, 1 week ago

Q1 results, global trends to influence trading activity in markets in holiday-shortened week: Analysts

The Hindu  

Quarterly earnings from several blue-chip firms, including Infosys and Reliance Industries, global trends, and trading activity of foreign investors, would act as major driving factors for equity markets' movement in a holiday-shortened week ahead, analysts said. Among major quarterly earnings to be tracked this week are from HDFC Life Insurance Company, Bajaj Auto, BPCL, JSW Steel, Asian Paints, Infosys, and …

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock
5 months, 1 week ago

TCS share price jumps after Q1 results, brokerages say 'worst is over' for the stock

Hindustan Times  

Tata Consultancy Services' shares gained today after India's top IT services firm reported first-quarter results which signalled early signs of revival for the sector. TCS' growth across all verticals, excluding telecom, coupled with net hiring at a seven-quarter high, are signs of a revival, Jefferies said after TCS Chief Executive K Krithivasan said that he expects FY25 to be better …

TCS Q1 results: Net profit grows 8.7% to ₹12,040 crore
5 months, 1 week ago

TCS Q1 results: Net profit grows 8.7% to ₹12,040 crore

The Hindu  

Tata Consultancy Services Ltd reported consolidated first quarter net profit grew 8.7% year on year to ₹12,040 crore despite degrowth in several business YoY. Commenting on the results K Krithivasan, Chief Executive Officer and Managing Director, TCS said: “I am pleased to report a strong start to the new fiscal year with all-round growth across industries and markets.” “We are …

TCS Q1 Results Beat Estimates: Net Profit Up 9% to Rs 12,040 Crore, Rs 10 Dividend Declared
5 months, 1 week ago

TCS Q1 Results Beat Estimates: Net Profit Up 9% to Rs 12,040 Crore, Rs 10 Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Thursday reported a 9 per cent rise year-on-year in its consolidated net profit to Rs 12,040 crore for first quarter of the financial year 2024-25 ended June 30. “We would like to inform you that at the Board Meeting held today, the Directors have declared an interim dividend of ₹ 10 …

These are the five fastest-growing Indian stocks
6 months ago

These are the five fastest-growing Indian stocks

Live Mint  

Investors are always looking for stocks with exceptional growth potential, particularly those capable of accelerating revenue growth and profitability. Strong distribution networks in India and abroad have helped the company clock impressive sales growth of 15.5% in the past five years. Sales grew at a CAGR of 12.1% in the past five years due to a growing share of the …

Dividend stock 2024: Tata Consultancy Services stock in focus as TCS shares to trade ex-dividend today
7 months, 1 week ago

Dividend stock 2024: Tata Consultancy Services stock in focus as TCS shares to trade ex-dividend today

Live Mint  

Dividend stocks 2024: Shares of Tata Consultancy Services Ltd will be in focus when the stock market opens on May 16. TCS dividend details In a stock exchange filing, Tata Consultancy Services said: “The Board of Directors at its meeting held on Friday, April 12, 2024 had recommended a final dividend of ₹28 per equity share of ₹1 each of …

Stocks to watch: Tata Motors, ICICI Bank, Vedanta, Piramal Enterprises, Zomato
7 months, 1 week ago

Stocks to watch: Tata Motors, ICICI Bank, Vedanta, Piramal Enterprises, Zomato

Live Mint  

Tata Motors: The company reported a 222% surge in net profit to ₹17,407.2 crore in Q4FY24, driven by strong performance across all auto businesses. Kalyan Jewellers: The company reported a consolidated net profit at ₹1,374.93 crore for the March quarter, growing almost two times from ₹697.99 crore in the same quarter of the previous financial year. ABB India: The company …

Tata Tech share price plunge 5% on muted Q4 results: Details
7 months, 2 weeks ago

Tata Tech share price plunge 5% on muted Q4 results: Details

Hindustan Times  

Tata Tech share price: Shares of Tata Technologies fell 5 percent today after the company posted weak results for the January-March quarter. Tata Tech share price: Brokerage JM Financial said Tata Tech's management indicated that some residual draw-down in the Vinfast account will continue in Q1FY25 as well. Tata Tech Q4 results Tata Tech's net profit for the March quarter …

Q4 results today: Exide, Castrol, Indian Oil, REC, to Havells, 56 companies to report earnings; check list
7 months, 3 weeks ago

Q4 results today: Exide, Castrol, Indian Oil, REC, to Havells, 56 companies to report earnings; check list

Hindustan Times  

Q4 results today: Even as a number of companies, big and small, have reported their fourth quarterly earnings, there are a huge number of them still to do so. Q4 results today: Over 50 companies will reveal their quarterly earnings today and the list includes Exide, Castrol, Indian Oil, REC, and Havells. Moreover, the upcoming US Federal Reserve policy and …

Q4 results today: UCO Bank, Tata Chemicals, UltraTech among 35 companies to report earnings. Full list here
7 months, 3 weeks ago

Q4 results today: UCO Bank, Tata Chemicals, UltraTech among 35 companies to report earnings. Full list here

Hindustan Times  

The results season is still very much on and a huge number of companies are all set to post their Q4 results today. Among them are Birlasoft, KFinTechnologies, Can Fin Homes, UCO Bank, Tata Chemicals, KPIT Technologies, UltraTech Cement, Trent, Poonawalla Fincorp, Gillette India, PNB Housing Finance, Vesuvius India, Shoppers Stop and others. Financial results for the fourth quarter of …

Q4 results today: Tech Mahindra, Bajaj Finance, Mphasis, ACC, Nestle, and others to report Q4 results today; check list
7 months, 4 weeks ago

Q4 results today: Tech Mahindra, Bajaj Finance, Mphasis, ACC, Nestle, and others to report Q4 results today; check list

Hindustan Times  

Q4 results today: The results season is in full swing and a huge number of companies are all set to declare their fourth quarterly results today. Tech Mahindra, Bajaj Finance, Indusind Bank, Nestle, ACC, Mphasis, Coromandel International, Laurus Labs, Cyient, and many others will announce their Q4 results today, April 25. Tech Mahindra, Bajaj Finance, Mphasis, ACC to Nestle and …

Q4 results this week: Reliance, Maruti Suzuki among firms to declare earnings. Check full list here
8 months ago

Q4 results this week: Reliance, Maruti Suzuki among firms to declare earnings. Check full list here

Hindustan Times  

Q4 results this week: Reliance Industries, Bajaj Finance, Tech Mahindra, Nestle India, HCL Technologies, Maruti Suzuki, are among key companies that are set to release their quarterly results this week. Q4 results on April 24: On Wednesday this week, companies including Hindustan Unilever, Axis Bank, LTIMindtree, Macrotech Developers, Indian Hotels Company, Oracle Financial Services Software, AU Small Finance Bank, Dalmia …

RIL Q4 results today: Here are key things to track and look out for
8 months ago

RIL Q4 results today: Here are key things to track and look out for

Hindustan Times  

Reliance Q4 results today: Mukesh Ambani-led Reliance Industries Ltd. is set to release its March quarter results today. Date and time of RIL Q4 results: Reliance Industries- India’s largest company in terms of market capitalisation- will declare the results of the fourth quarter of financial year 2023-24 today. RIL Q4 results expectations: Prabhudas Lilladher expects the conglomerate to report 10.7 …

Reliance Industries to unveil Q4 results and dividend declaration today. Check time, preview
8 months ago

Reliance Industries to unveil Q4 results and dividend declaration today. Check time, preview

India TV News  

Mukesh Ambani-led Reliance Industries Ltd. is all set to announce its financial results for the fourth quarter ending March today. Reliance Industries, India’s largest company by market capitalisation, will unveil its Q4 FY24 results on April 22. Expectations from Q4 results Analysts project a 10.7% year-on-year drop in profit to Rs 17,230 crore for Reliance Industries, with sales expected to …

Wipro Q4 net profit falls 7.8% to ₹2,835 cr; new CEO flags uncertainty in macro environment
8 months ago

Wipro Q4 net profit falls 7.8% to ₹2,835 cr; new CEO flags uncertainty in macro environment

Hindustan Times  

Bengaluru, IT service company Wipro on Friday reported 7.8 per cent year-on-year decline in its consolidated net profit for the March quarter to about ₹2834.6 crore, and cautioned that the macroeconomic environment remains "uncertain". Wipro Q4 net profit falls 7.8% to ₹ 2,835 cr; new CEO flags uncertainty in macro environment The Bengaluru-headquartered company, which recently saw a change of …

Wipro Q4 Results: Large TCV up 9.5% YoY, Q1FY25 revenue guidance pegged at -1.5 to 0.5%; 5 key highlights
8 months ago

Wipro Q4 Results: Large TCV up 9.5% YoY, Q1FY25 revenue guidance pegged at -1.5 to 0.5%; 5 key highlights

Live Mint  

Wipro Q4 Results: Wipro announced its January-March quarter results for fiscal 2023-24 on Friday, April 19, reporting a decline of eight per cent in consolidated net profit at ₹2,835 crore. India's fourth-largest software services company's revenue from operations for the March quarter also dropped four per cent year-on-year to ₹22,208.3 crore. Follow Wipro Q4 Results Live Updates: IT major posts …

Wipro Q4 Results Today: Net Profit, Revenue May Decline Amid Weak Discretionary Spending
8 months ago

Wipro Q4 Results Today: Net Profit, Revenue May Decline Amid Weak Discretionary Spending

News 18  

After TCS and Infosys, another IT major Wipro is set to announce its Q4 financial earnings on April 19. According to analysts, Wipro’s net profit in the January-March 2024 quarter is likely to have declined by 8-10 per cent to Rs 2,778 crore-Rs 2,829 crore. Analysts at brokerage houses expect Wipro’s revenue to decline 4-5 per cent YoY to remain …

Q4 results today: Infosys, Bajaj Auto, HDFC Life, ICICI Securities among companies to post earnings
8 months ago

Q4 results today: Infosys, Bajaj Auto, HDFC Life, ICICI Securities among companies to post earnings

Hindustan Times  

Q4 results today: The financial results for the fourth quarter of FY24 are scheduled to be released on April 18 by a total of 19 companies. These companies include: Infosys Ltd, Bajaj Auto Ltd, HDFC Life Insurance Company Ltd, ICICI Securities Ltd, TV18 Broadcast Ltd, Mastek Ltd, Network18 Media & Investments Ltd, Accelya Solutions India Ltd, Advik Capital Ltd, Eimco …

Q4 results: TCS reports profit, but what of Infosys and Wipro?
8 months, 1 week ago

Q4 results: TCS reports profit, but what of Infosys and Wipro?

Hindustan Times  

Indian IT firms are all getting ready to reveal their Q4 results and things are looking a little brighter after the biggest tech firm in India, the Tata Consultancy Services reported a profit that actually beat street estimates last week. Bloomberg says, “The annual revenue at Infosys likely grew at the slowest pace since the 2018 fiscal year, consensus shows. …

TCS headcount dropped by over 13,000 in the previous fiscal: Report
8 months, 1 week ago

TCS headcount dropped by over 13,000 in the previous fiscal: Report

Hindustan Times  

Information technology giant Tata Consultancy Services has reported a slump in its headcount for the third consecutive quarter, a first in 19 years. In fiscal 2022, TCS had added 103,546 employees, while the number stood at 40,185 employees in FY21 As per the report, TCS headcount dropped by over 13,249 for the financial year, and on a sequential basis, the …

TCS Q4 net profit beats estimates, rises 9%
8 months, 1 week ago

TCS Q4 net profit beats estimates, rises 9%

New Indian Express  

BENGALURU: The country’s largest IT services company Tata Consultancy Services on Friday reported a 9% increase in its consolidated net profit for the fourth quarter ended March 31, 2024, at Rs 12,434 crore on the back of record deal wins. TCS’ FY24 deal wins stood at an all-time high at $42.7 billion and in Q4, its total contract value stood …

Win themes: Artificial intelligence and cloud contracts power TCS profits
8 months, 1 week ago

Win themes: Artificial intelligence and cloud contracts power TCS profits

Hindustan Times  

TCS 4th quarterly results have been announced and it has beaten analysts’ expectations. The TCS statement today revealed the entire laundry list, saying “Win themes across key deals involved Cloud Migration and Modernization, GenAI, Enterprise application services, Identity & Access Management, Connected Devices, Digital Workplace Services, Network Services and Vendor Consolidation.” The statement also added, “AI.Cloud, Enterprise Solutions, IOT&DE and …

Q4 results today: TCS, Anand Rathi and 2 other companies to post earnings
8 months, 1 week ago

Q4 results today: TCS, Anand Rathi and 2 other companies to post earnings

Hindustan Times  

Q4 results today: Four companies are scheduled to release their financial results for the fourth quarter of FY24 today. Shares of the four companies will also react to the Q4 results although TCS Q4 results are scheduled to be released after market hours. Q4 results today: Shares of the four companies will also react to the Q4 results although TCS …

TCS Q4 results preview: Date, growth, dividend, deal wins and more, check it all out here
8 months, 1 week ago

TCS Q4 results preview: Date, growth, dividend, deal wins and more, check it all out here

Hindustan Times  

The Indian software industry has had a dream run over the decades interspersed with a hiccup here and there, and leading the pack has mostly always been Tata Consultancy Services. With nimble rivals like Infosys, Wipro, Tech Mahindra and HCL Technologies posing fierce rivalry, TCS has had its job cut out to stay ahead, quarter by quarter and year by …

Wipro surges over 13 per cent despite 12 per cent decline in Q3 profit YoY
11 months, 1 week ago

Wipro surges over 13 per cent despite 12 per cent decline in Q3 profit YoY

India TV News  

Wipro shares rose over 13 per cent in early trading on Monday, reaching a 52-week high of Rs 529, despite the company reporting weaker-than-expected results for the third quarter. The primary reason for the rise in Wipro's shares can be attributed to a 17 per cent surge in its American Depository Receipts. The company's trajectory is perceived as recovering after …

TSC stock soars over 4 per cent as Q3 income rises 8 per cent to Rs 11,735 crore
11 months, 1 week ago

TSC stock soars over 4 per cent as Q3 income rises 8 per cent to Rs 11,735 crore

India TV News  

Tata Consultancy Services shares rose over 4 per cent during early trade on Friday, contributing Rs 51,921.94 crore to its market valuation. The surge followed TCS reporting an 8.02 per cent growth in net income for the December quarter, amounting to Rs 11,735 crore. TCS, the largest software exporter, reported an 8.2 per cent growth in net income for the …

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