Why are TCS investors jittery?
2 years, 2 months ago

Why are TCS investors jittery?

Live Mint  

Tata Consultancy Services Ltd’s investors have been jittery, amid worries on demand outlook. TCS’ Q2 results had some soft spots such as moderate hiring and satisfactory but not particularly exciting deal wins. View Full Image Sailing through The promise and perils of flex fuel vehicles Railways might ban Oracle if bribe charge is proved Why this Bengaluru techie shifted 5 homes in 6 years “Deal wins did not replicate the strength at Accenture, headcount addition was weakest in last nine quarters at 1.6% quarter-on-quarter, and outlook suggests impending uncertainty," said analysts at Ambit Capital in a report on 11 October. In a post-earnings call, the TCS management told analysts that the demand environment remains robust, but also that there is an increasing sense of caution among clients. “Broad-based growth underperformance versus Infosys/Accenture over 12-13 quarters, higher than peer group exposure to BFSI/retail and Europe, where we are cautious and valuations at 26.1x 1-year forward P/E keep us cautious," said Ambit’s analysts.

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History of this topic

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.

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 share price: Experts unveil this strategy ahead of buyback, Q2 results
1 year, 2 months ago

TCS share price: Experts unveil this strategy ahead of buyback, Q2 results

Live Mint  

TCS share price: Shares of Tata Consultancy Services have been in uptrend since early morning deals. TCS shares price today opened upside and went on to hit intraday high of ₹3,650 apiece on NSE, logging near one per cent intraday gain in near one hour of stock market's opening bell. Speaking on TCS share price outlook, Sandeep Pandey, Director at …

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 …

TCS smashes Q4 profit view on strong deal momentum: Report
1 year, 8 months ago

TCS smashes Q4 profit view on strong deal momentum: Report

Hindustan Times  

Tata Consultancy Services Ltd reported a bigger-than-expected rise in fourth-quarter profit on Wednesday as India's top IT exporter saw firm demand for digital services despite a challenging macroeconomic backdrop. The company's net profit rose 14.8% to 113.92 billion rupees in the three months ended March 31, from 99.26 billion rupees a year earlier. Analysts on average had expected a profit …

TCS Q4 results today: Key things to watch out for
1 year, 8 months ago

TCS Q4 results today: Key things to watch out for

Live Mint  

Tata Group-backed TCS will kick start the fourth quarterly earning season for India Inc today with its financial results. Here are key things to watch out for in TCS Q4 results in today 1) Revenue growth: Analysts' believe that overall growth for Q4 is expected to be less than Q3. Brokerage firm Axis Securities expects TCS to report revenue growth …

How TCS shares are likely to perform today after Q2 results
2 years, 2 months ago

How TCS shares are likely to perform today after Q2 results

Live Mint  

Tech giant, Tata Consultancy Services crossed the ₹10,000 crore mark in terms of profitability during the second quarter of FY23. On the overall financial performance, Emkay's note said, " TCS reported revenues of $6.88 billion, up 1.4%/8.6% QoQ/YoY, a tad below our expectations of $6.91 billion. Meanwhile, Mitul Shah, Head of research at Reliance Securities said, "TCS reported marginally better …

TCS Q1 Net Up 28.5% At Rs 9,008 Cr, Employee Headcount Surges Past 5 Lakh Mark In First Quarter
3 years, 5 months ago

TCS Q1 Net Up 28.5% At Rs 9,008 Cr, Employee Headcount Surges Past 5 Lakh Mark In First Quarter

ABP News  

India’s largest software exporter, Tata Consultancy Services on Thursday reported a 28.5% growth in its first-quarter revenues to Rs 9008 crore. Commenting on the results, Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS said: “Our business in North America, BFSI and Retail all showed an appreciable growth which underlines the resilience of our operating model, relevance of our offerings …

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