TCS Q4 Results: TCS shares plunge after weak Q4 results
1 year, 11 months ago

TCS Q4 Results: TCS shares plunge after weak Q4 results

Live Mint  

Tata Consultancy Services missed street's estimates for the fourth quarter of FY23. TCS blames US banking crises for weak Q4 Tata Consultancy Services said on Wednesday fourth-quarter results were weaker than it had expected as some of the IT company's clients in the North American banking space deferred project spending amid the U.S. financial crisis. Comparison of TCS final dividend While announcing its earnings for the fourth quarter ended 31 March, 2023, Indian software giant Tata Consultancy Services has declared a final dividend of ₹24 per equity share for the financial year 2022-23. TCS attrition rate Q4 The company's IT services attrition on an LTM basis continued to trend down and was at 20.1% in the fourth quarter of FY23. 8 key factors in TCS earnings to focus on As per Kotak Institutional Equities, key factors that investors can focus on TCS' Q4 results are: - CY2023E budget closure and pace of decision-making and ramp up of budgeted spends; - pipeline of cost take-out and vendor consolidation decisions of clients and win-rates; - changes to strategy, key bets and priorities of the organization under new CEO and continuity of current organizational structure that underwent a reorg under Rajesh; - health of impacted verticals/geos especially hi-tech, retail and Europe; - outlook of spending in BFS given recent events and exposure to impacted companies; - how the current slowdown and potentially even recession differ from the past; - whether attrition rate can reduce to pre-Covid levels and maintain pre-Covid level gap with peers and - levers to increase margin back to 26-28% range.

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