TCS Q3 Results Preview: Net profit seen up 3% QoQ, while furloughs may dent revenue growth; margins likely to expand
21 hours, 5 minutes ago

TCS Q3 Results Preview: Net profit seen up 3% QoQ, while furloughs may dent revenue growth; margins likely to expand

Live Mint  

Tata Consultancy Services, the largest IT services company in India, is set to declare its financial results for the third quarter of FY25 on January 9, kicking off the Q3 earnings season. Brokerage firm Nuvama Institutional Institutional Equities expects TCS to deliver 0.1% QoQ Constant Currency revenue growth and -0.8% QoQ USD decline due to lower BSNL revenue and furloughs, likely to be partially offset by a reversal of exceptional items of last quarters. TCS Q3 Profit The net profit of the IT major is expected to grow by 3.26% to ₹12,298 crore in Q3FY25 as against ₹11,909 crore in the September quarter. On a year-on-year basis, TCS net profit is expected to grow by 11.2% as the company posted a net profit of ₹11,058 crore in the December quarter last fiscal year. TCS Q3 EBIT, Margins At the operational level, TCS’ earnings before interest and tax in Q3FY25 is expected to rise 1.16% to ₹15,645 crore from ₹15,465 crore, QoQ, as per the average estimates.

Revenue Crore Qoq Quarter Expected Tcs Net Profit Q3Fy25 Tcs Q3 Q3 Margins Tcs Q3 Results  q3fy25  results  profit  net  qoq  tcs  quarter  expected  q3  margins  seen  services  crore  revenue  preview

History of this topic

Will Q3 results deepen Dalal Street sell-off? 3 stocks to watch amid uncertainty
2 days, 6 hours ago

Will Q3 results deepen Dalal Street sell-off? 3 stocks to watch amid uncertainty

India Today  

Dalal Street is facing increased volatility after Sensex, Nifty opened higher, showing signs of recovery on Tuesday after they crashed in the previous session, raising questions about whether stock markets will see further downside as companies prepare to announce their Q3 FY24 results. Sensex and Nifty plunged over 1.5%, and the Nifty PSU Bank suffered a loss of close to …

IT Sector Q3 Results Preview: From revenue growth to margins, how TCS, Infosys, Wipro, other top IT firms may perform
6 days, 21 hours ago

IT Sector Q3 Results Preview: From revenue growth to margins, how TCS, Infosys, Wipro, other top IT firms may perform

Live Mint  

IT Sector Q3 Results Preview: Tata Consultancy Services, Infosys, HCL Technologies, Wipro, among other Indian IT companies are set to commence the earnings season for the third quarter of FY25 next week. Here’s how top IT companies are expected to perform in Q3FY25: TCS Q3 Results Preview TCS, the largest IT services company in India, is expected to see a …

Ksb Q3 Results 2024 on 14 Nov, 2024: profit rise by 23.15% YOY, profit at ₹61.7 crore and revenue at ₹616.5 crore
1 month, 3 weeks ago

Ksb Q3 Results 2024 on 14 Nov, 2024: profit rise by 23.15% YOY, profit at ₹61.7 crore and revenue at ₹616.5 crore

Live Mint  

Ksb Q3 Results 2024:Ksb declared its Q3 results for 2024 on 13 Nov, 2024, reporting a topline increase of 9.37% year-over-year. As of 14 Nov, 2024, Ksb has received a Strong Buy rating from all analysts covering the company, reflecting a consensus recommendation for investors to consider purchasing shares. Overall, while Ksb's Q3 results indicate positive growth on a yearly …

TCS Q1 Results Beat Estimates: Net Profit Up 9% to Rs 12,040 Crore, Rs 10 Dividend Declared
5 months, 4 weeks 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 …

Infosys Q4 results announcement soon; revenues to margins, here is what to expect
8 months, 3 weeks ago

Infosys Q4 results announcement soon; revenues to margins, here is what to expect

Hindustan Times  

After the largest IT services company in India, Tata Consultancy Services last week, now it is the turn of the next tech biggie, Infosys, to reveal its 4th quarterly numbers and that will happen this week on April 18. Expectations are that revenue may drop sequentially, EBIT margins are likely to stay flat. Infosys net profit is likely to be …

TCS headcount dropped by over 13,000 in the previous fiscal: Report
8 months, 3 weeks 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, 3 weeks 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, 3 weeks 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 …

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 20% YoY
11 months ago

Delhivery Q3 results: Logistics firm turns profitable, revenue jumps 20% YoY

Live Mint  

Delhivery Q3 results: Logistics company Delhivery reported a net profit of ₹11.7 crore in the October- December 2023 quarter. The company's consolidated net revenue increased by 13% QoQ to ₹2,194 crore against ₹1,941 crore in the previous quarter. Its net consolidated revenue increased 20.32% YoY against ₹1,823 crore in the year-ago period. The revenue of the logistics company increased by …

Paytm Q3 loss declines to Rs 220 crore, revenue surges 38 per cent
11 months, 3 weeks ago

Paytm Q3 loss declines to Rs 220 crore, revenue surges 38 per cent

India TV News  

One 97 Communications, the parent company of the fintech firm Paytm, announced a 38 per cent increase in third-quarter revenue attributed to the strong performance of its payments business and robust loan growth in the financial services segment. In Q3 FY24, Paytm reported a significant improvement in its net payment margin, which increased by 63 per cent to Rs 748 …

Q3 Result Preview: Sun Pharma to lead with highest qoq rise in the US-Jefferies
11 months, 3 weeks ago

Q3 Result Preview: Sun Pharma to lead with highest qoq rise in the US-Jefferies

Live Mint  

Q3 Result Preview: The favorable trend seen by Indian Pharma companies on earnings growth during the first half of FY24 may continue during the December quarter too. Analysts at Jefferies India Pvt Ltd expect the current benign US pricing environment to continue and believe most of their coverage firms will clock sequential sales growth in the quarter. Lupin will Dr …

Wipro, HCL Tech To Declare Q3 Results Today: Know What Analysts Expect
11 months, 3 weeks ago

Wipro, HCL Tech To Declare Q3 Results Today: Know What Analysts Expect

News 18  

A day after TCS and Infosys declared their Q3 financial results, other IT majors Wipro and HCL Tech are on Friday set to announce their earnings for the December 2023 quarter. Here’s what analysts expect: HCL Q3 Results Preview On HCL’s Q3 earnings, Elara said, “We anticipate sequential revenue growth of 4.8 per cent in CC terms. This is backed …

Wipro Q3 profit declines 12 per cent YoY to Rs 2,694 crore, revenue falls over 4 per cent
11 months, 4 weeks ago

Wipro Q3 profit declines 12 per cent YoY to Rs 2,694 crore, revenue falls over 4 per cent

India TV News  

Wipro reported a 12 percent year-on-year decline in net profit at Rs 2,694 crore for the third quarter of the current financial year. Revenue from IT business The company's revenue from its IT business declined by 1.1 per cent to Rs 22,151 crore. On Thursday, Tata Consultancy Services posted an 8.2 per cent growth in net income for the third …

TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore, Revenue Up 4%; Rs 18 Special Dividend Declared
11 months, 4 weeks ago

TCS Q3 Results: Net Profit Rises 8.2% To Rs 11,735 Crore, Revenue Up 4%; Rs 18 Special Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Thursday posted a growth of 8.2 per cent year-on-year in its net profit to Rs 11,735 crore for the third quarter ended December 2023. Its revenue during October-December 2023 rose 4 per cent year-on-year to Rs 60,583 crore driven by strong double-digit growth in emerging markets, led by India. “We would …

TCS Q3 net profit rises 2 per cent to Rs 11,058 crore, revenue surges 4 per cent YoY
11 months, 4 weeks ago

TCS Q3 net profit rises 2 per cent to Rs 11,058 crore, revenue surges 4 per cent YoY

India TV News  

India's largest IT services company, Tata Consultancy Services, reported a net profit of Rs 11,058 crore in the quarter ended December 31, 2023, marking a 2 percent YoY increase from Rs 10,846 crore in the corresponding quarter of the previous fiscal year. Consolidated revenue rose 4 percent YoY, reaching Rs 60,583 crore in the three months to December 31, according …

Wipro Q2 Results Today: Revenue May Decline QoQ, What Should You Watch Out For?
1 year, 2 months ago

Wipro Q2 Results Today: Revenue May Decline QoQ, What Should You Watch Out For?

News 18  

After TCS, Infosys and HCL Tech, another IT major Wipro is scheduled to release its financial results for the quarter that ended September 2023 on October 18, Wednesday. Brokerage firm Axis Securities in its report said, “We expect Wipro to report revenue de-growth of 0.5 per cent QoQ in rupee terms. For the July-September 2023 quarter, another brokerage firm IIFL …

TCS results on expected lines; Can Infy, HCL Tech do this to reverse IT trend?
1 year, 2 months ago

TCS results on expected lines; Can Infy, HCL Tech do this to reverse IT trend?

Live Mint  

Q2 results 2023: After announcement of TCS results for Q2FY24, market observers and investors are eagerly awaiting for the announcement of Infosys results and HCL Technologies results today. As TCS results for Q2 2023 were in line with the market expectations, Dalal Street is abuzz about other two IT majors meeting the market expectations. Decoding the TCS Q2 results 2023, …

TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared
1 year, 2 months ago

TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared

News 18  

Tata Consultancy Services, India’s largest IT services company, on Wednesday kick-started India’s Q2FY24 earnings season. The company posted an 8.73 per cent growth in its net profit to Rs 11,342 crore for the September 2023 quarter. The board of directors also approved a proposal to buyback up to Rs 4,09,63,855 equity shares of the company for an aggregate amount not …

TCS Q2 Results Today: Profit, Revenue Growth Likely To Be Muted; Know Key Things To Watch Out For
1 year, 2 months ago

TCS Q2 Results Today: Profit, Revenue Growth Likely To Be Muted; Know Key Things To Watch Out For

News 18  

TCS Q2 Results To Be Out Today: Tata Consultancy Services, India’s largest IT services provider, will on Wednesday kick-start the Q2 earnings season. Update: TCS Q2 Results: Net Profit Rises 8.7% YoY To Rs 11,342 Crore, Rs 9 Interim Dividend Declared Forecasting a single-digit growth, brokerage firm Kotak Instiutional Equities in its report said, “We forecast marginal revenue growth due …

TCS Q2 results: Net profit rises 8.7% to Rs 11,342
1 year, 2 months ago

TCS Q2 results: Net profit rises 8.7% to Rs 11,342

India TV News  

The country's largest software company Tata Consultancy Services on Wednesday said its net profit increased 8.7 percent year-on-year to Rs 11,342 crore in the September 2023 quarter. Its revenue from operations rose 7.9 percent year-on-year to Rs 59,692 crore in the reporting quarter from Rs 55,309 crore a year ago, the company said. The company's operating profit during the reporting …

Q1 results 2023: Wipro, Federal Bank, Unitech, others to declare earnings today
1 year, 5 months ago

Q1 results 2023: Wipro, Federal Bank, Unitech, others to declare earnings today

Live Mint  

Q1 results today: Quarterly results are one of the prominent events that stock market observers and investors remain highly vigilant because it gives them concrete fundamental cue about the financial condition of the listed entity. Wipro Ltd is set to declare Q1 results 2023 today but there are some more company results expected today and one should remain vigilant about …

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend
1 year, 5 months ago

TCS Q1 Results: Net profit jumps 16% on year to ₹11,074 cr; declares dividend

Live Mint  

Information Technology services major, Tata Consultancy Services Ltd on Wednesday reported an 16.84% year-on-year rise in its consolidated net profit for the fiscal's first quarter ended June to ₹11,074 crore. The IT company's consolidated revenue from operations stood at ₹59,381 crores during the quarter ended June from ₹52,758 crore in Q1FY23. The company's consolidated total income for the quarter ended …

Q1 Results: TCS, HCL Technologies, 5Paisa Capital, others to post earnings today
1 year, 5 months ago

Q1 Results: TCS, HCL Technologies, 5Paisa Capital, others to post earnings today

Live Mint  

The first quarter earnings for fiscal 2024 are scheduled to begin on Wednesday with two of the top Indian information technology companies, Tata Consultancy Services Ltd, and HCL Technologies Ltd. Anand Rathi Wealth Ltd, Steel Strips Wheels Ltd, 5Paisa Capital Ltd, Hathway Bhawani Cabletel & Datacom Ltd, and National Standard Ltd are some of the non-IT companies that will also …

TCS likely to see muted revenue growth in Q1FY24; EBIT margin may contract
1 year, 5 months ago

TCS likely to see muted revenue growth in Q1FY24; EBIT margin may contract

Live Mint  

Tata Consultancy Services, the largest software services exporter in India, will announce its earnings for the first quarter of FY24 on July 12. According to Emkay Global Financial Services, TCS may see 1.3% QoQ USD revenue growth factoring 30 bps cross-currency tailwinds. The brokerage house expects the company’s EBIT margin to decline by 100 bps QoQ due to wage hike, …

TCS to declare Q1 results, interim dividend on 12 July, fixes record date
1 year, 6 months ago

TCS to declare Q1 results, interim dividend on 12 July, fixes record date

Live Mint  

IT giant Tata Consultancy Services will be announcing its first quarter results for the financial year FY24 on July 12, 2023. In June 2023 quarter, wage hike is likely to impact TCS' EBIT margins, while TCV is likely to be flattish after deal with BSNL. In its regulatory filing, TCS said, "We hereby inform you that a meeting of the …

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 shares plunge on weaker than expected Q4 profit. Should you buy/hold?
1 year, 8 months ago

TCS shares plunge on weaker than expected Q4 profit. Should you buy/hold?

Live Mint  

Shares of India's top IT exporter Tata Consultancy Services plunged in Thursday's opening deals after the software giant's fourth quarterly profit missed analysts' estimates as cautious clients curtailed technology spending to prepare for a cooling economy. The company's quarterly net profit rose 14.8 per cent to ₹11,392 crore. Its January-March order book stood at $10 billion, down 11.5 per cent …

TCS misses street’s estimates in Q4. How will the stock react on Thursday?
1 year, 8 months ago

TCS misses street’s estimates in Q4. How will the stock react on Thursday?

Live Mint  

Tata Consultancy Services posted healthy growth in Q4 of FY23, however, it broadly missed the street's expectations for the quarter. But the stock may come under pressure as TCS PAT growth is below estimates, could not sustain margins, and the BFSI segment seeing single-digit growth. Mitul Shah - Head of Research at Reliance Securities said, "TCS reported subdued performance in …

How stock markets will react to TCS earnings on Thursday?
1 year, 8 months ago

How stock markets will react to TCS earnings on Thursday?

Live Mint  

Tata Consultancy Services announced its Q4 results after market hours on Wednesday. However, TCS missed Street's expectations in Q4 despite posting double-digit year-on-year growth in revenue and PAT. In Q4FY23, TCS posted a consolidated net profit of ₹11,392 crore, up by 14.76% compared to a profit of ₹9,926 crore in Q4 of the previous fiscal. According to Ajit Mishra, VP …

TCS Q4 Results: TCS shares plunge after weak Q4 results
1 year, 8 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 …

TCS Q4 Results: TCS shares plunge after weak Q4 results
1 year, 8 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 …

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 …

TCS Q4 preview: Muted revenue growth likely, deal momentum seen strong
1 year, 8 months ago

TCS Q4 preview: Muted revenue growth likely, deal momentum seen strong

Live Mint  

Tech giant, Tata Consultancy Services is also set to kick start the fourth quarterly earnings season for FY23 on April 12. In regards to TCS, ICICI Direct in its report believes that the Q4 is a seasonally weak quarter for the company due to fewer working days and some furlough impact in January. Growth is expected to be driven by …

India Inc's Q3 Margins Increase Sequentially Despite Subdued Revenue Growth: ICRA
1 year, 10 months ago

India Inc's Q3 Margins Increase Sequentially Despite Subdued Revenue Growth: ICRA

News 18  

India Inc’s operating profit margin expanded 180 basis points sequentially to 16.3 per cent q-o-q during the December 2023 quarter despite subdued sequential revenue growth of 1.4 per cent, according to an analysis by ratings agency ICRA. The report revealed expectedly positive revenue trends, with a YoY growth of 17.2 per cent, despite subdued sequential revenue growth of 1.4 per …

Wipro’s margins, PAT upbeat in Q3: How stock is likely to react post quarter
1 year, 11 months ago

Wipro’s margins, PAT upbeat in Q3: How stock is likely to react post quarter

Live Mint  

Azim Premji-backed Wipro has announced its financial results for the third quarter ending December 31, 2022 period. On Wipro's financial performance, Veer Trivedi, Research Analyst, SAMCO Securities said, "Wipro reported slightly disappointing results when it comes to its top line. According to Emkay Global's first cut note, Wipro's revenue tad below estimates while margins beat estimates. Emkay's note said, "Wipro …

TCS Q3 earnings: Here is what to what to expect from the stock today
1 year, 11 months ago

TCS Q3 earnings: Here is what to what to expect from the stock today

Live Mint  

IT giant Tata Consultancy Services missed estimates in terms of profitability and margins for the quarter ending December 31, 2022. In December 2022 quarter, TCS garnered a net profit of ₹10,846 crore attributable to shareholders on a consolidated basis up by 11.02% YoY and 3.98% QoQ. This gives us greater confidence in our ability to steer our profitability towards our …

TCS Shares Surge Ahead Of December Quarter Results; What Investors Need to Know
1 year, 11 months ago

TCS Shares Surge Ahead Of December Quarter Results; What Investors Need to Know

News 18  

TCS Q3 Earnings: Shares of IT major TCS is trading higher today ahead of the earnings announcement in the evening. The scrip surged as much as 3.15 per cent to hit an intraday high of Rs 3,313 on the BSE ahead of its December quarter earnings announcement due later in the day. The third interim dividend, if declared, shall be …

TCS Q3 results: Ease in supply-side pressure may lift margins. Key factors here
2 years ago

TCS Q3 results: Ease in supply-side pressure may lift margins. Key factors here

Live Mint  

All eyes are set on IT-giant Tata Consultancy Services which is set to announce its financial performance for the quarter ending December 31, 2022 period on January 9. Further, the brokerage's note added, "We expect TCS to report CC QoQ growth of 1.5% for the quarter to be aided by continued deal execution albeit growth will be lower compared to …

Infosys Q3FY23: Know time, date, earnings details of the quarter. What to expect
2 years ago

Infosys Q3FY23: Know time, date, earnings details of the quarter. What to expect

Live Mint  

Infosys will be in focus in the trading sessions in the week ahead due to its announcement of third-quarter financial results for fiscal year FY23. As per the regulatory filing, the company will announce results for the third quarter that ended December 31, 2022, on Thursday, January 12, 2023, around 3.45 p.m. Indian Standard Time. Also, the company will conduct …

Amid slowdown & rising caution, will IT firms deliver another weak quarter?
2 years ago

Amid slowdown & rising caution, will IT firms deliver another weak quarter?

Live Mint  

Indian IT stocks underperformed in 2022 amid warnings of a potential slowdown in business on global recession fears and earnings downgrades. The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing growth momentum led by uncertainties in the US and UK. The brokerage expects large caps to outperform …

TCS to kick start Q3 earnings season on 9 Jan, fixes record date for dividend
2 years ago

TCS to kick start Q3 earnings season on 9 Jan, fixes record date for dividend

Live Mint  

IT giant, Tata Consultancy Services will kick start the third quarter earnings season for FY23 in the IT sector on January 9th. The Tata Group's flagship company will also announce the third interim dividend for the fiscal on this day. In its regulatory filing on December 30th, TCS said, "the third interim dividend, if declared, shall be paid to the …

Contrasting Q2 stories of two tech giants of India
2 years, 2 months ago

Contrasting Q2 stories of two tech giants of India

Live Mint  

Information technology services provider Wipro Ltd’s stock closed 7% lower on Thursday. View Full Image Fall behind Small Indian cinemas take on big Hollywood studios Premium trumps regular in demand for consumer durables How to transfer shares from a demat account to another “Wipro’s turnaround story is faltering," said analysts at Ambit Capital Pvt. Third, “Overall Ebit margin has fallen …

Wipro Q2 results: Will the IT giant improve profitability YoY? Key highlights
2 years, 2 months ago

Wipro Q2 results: Will the IT giant improve profitability YoY? Key highlights

Live Mint  

Ahead of its Q2 earnings, IT-major Wipro shares were under pressure on Tuesday. Sameer Pardikar and Sujay Chavan Research Analysts at ICICI Direct in their Q2 preview report for Wipro said, "We expect the company to report 4% QoQ CC growth in revenues in IT services. ICICI Direct analysts expect Wipro to report a revenue of ₹22,722.2 crore up by …

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 Q2 Result: Net Profit Rises 8.4% YoY To Rs 10,431 crore, Revenue Up 18%; Dividend Declared
2 years, 2 months ago

TCS Q2 Result: Net Profit Rises 8.4% YoY To Rs 10,431 crore, Revenue Up 18%; Dividend Declared

News 18  

TCS Q2FY23 Results: India’s largest IT services company Tata Consultancy Services on Monday reported a consolidated net profit of Rs 10,431 crore for the September 2022 quarter, a jump of 8.4 per cent on a year-on-year basis. On a sequential basis, TCS‘ net profit witnessed a 10.05 per cent jump from Rs 9,478 crore in the previous quarter. TCS’ total …

TCS Q2: Net profit rises by 8.3% to ₹10,431 cr
2 years, 2 months ago

TCS Q2: Net profit rises by 8.3% to ₹10,431 cr

Live Mint  

The country's largest software services firm, Tata Consultancy Services, on Monday reported a 8.3 per cent rise in consolidated net profit to ₹10,431 crore for the September 2022 quarter. This is against a net profit of ₹9,624 crore in the year-ago period, TCS said in a regulatory filing. The consolidated revenue of the IT major grew by 18 per cent …

Why the street is disappointed by HCL, TCS Q1 results
2 years, 5 months ago

Why the street is disappointed by HCL, TCS Q1 results

Live Mint  

June quarter earnings of large Indian information technology services companies have had a sombre beginning. Ebit margins for both TCS and HCL slipped to multi-year lows in Q1 FY23, missing consensus estimates. One of the reasons for the soft net employee additions despite strong deal wins could be that attrition is running ahead of what companies were expecting," Rakesh said. …

TCS Q1 Results: Net Profit Up 5.2% To Rs 9,478 Crore; Revenue Jumps 16.2%; Dividend Declared
2 years, 6 months ago

TCS Q1 Results: Net Profit Up 5.2% To Rs 9,478 Crore; Revenue Jumps 16.2%; Dividend Declared

News 18  

TCS Q1 Results: India’s largest IT services company Tata Consultancy Services on Friday reported a consolidated net profit of Rs 9,478 crore for the June 2022 quarter, a jump of 5.2 per cent on a year-on-year basis. TCS’ total expenditure during the June 2022 quarter jumped 19.95 per cent to Rs 40,572 crore, compared with Rs 33,823 crore in the …

TCS Q1 results to set stage for IT earnings
2 years, 6 months ago

TCS Q1 results to set stage for IT earnings

Business Standard  

Fears of a global recession, especially in the US and Europe, are mounting by the day. IT major TCS, for instance, may report modest revenue growth later today, led by seasonal strength and robust digital transformation projects. Omkar Tanksale, Senior Research Analyst, Axis Securities says TCS to report 3.4% sequential revenue growth in rupee terms. Besides, they believe quarterly revenue …

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