Tata Consultancy Services (TCS)
TCS reported a strong quarter with beat on revenues and margins
Mon, Jan 11, 2021
TCS reported a robust quarter with 4.1% qoq cc growth vs 2.5% consensus expectations. A surprise was the 40bp margin expansion qoq to 26.6% EBIT margin, despite a wage hike in the quarter. Management is confident in the demand environment and affirmed double-digit growth in FY22e. Management does not believe there was any budget flush in Q3, and, hence, thinks the strength seen in Q3 should continue in Q4.
More >
TCS Share Price: Strong Performance in Q3, Management gains market share on strong demand outlook
Mon, Jan 11, 2021
Sharekhan maintains a Buy rating on TCS with a revised Price Target of Rs 3590. For TCS, Q3 FY21 was the second consecutive quarter of strong all-round performance, led by a strong demand environment, market share gains and quick revenue conversion from deals won earlier. The company reported better-than-expected revenue growth of 4.1% qoq on constant currency (CC) in a seasonally weak quarter, which is the strongest in the December quarter in the last nine years. On a yoy basis, the company came back to a positive growth trajectory with a CC growth of 0.4%.
More >
TCS Share Price: Details of the Q3 results Decoded by ICICI Securities
Mon, Jan 11, 2021
Tata Consultancy Services (TCS) reported a healthy set of Q3 FY21 results and were above estimates on all fronts. The growth was across geographies and verticals. The QoQ growth in revenues was led by healthy demand in core transformation services and conversion from earlier deals.
More >
TCS Share Price: What company is doing to power growth – highlights by Kotak Institutional Equities
Mon, Dec 14, 2020
The next opportunity following migration is building upon native capabilities of the cloud platforms. TCS indicated that currently analytics based native capabilities are being utilized especially by retailers who were early movers in deploying such capabilities. However other areas such as inbuilt integration capabilities have not been exploited in a big way by traditional companies.
More >
I can’t see any reason to change published Margin Aspiration for FY20: NG Subramaniam, TCS
Thu, Jul 11, 2019
We achieved all-round growth in all verticals in Q1FY20 expect Banking financial services, capital market and European bank situation, which softened a bit, says N Ganapathy Subramaniam (NGS), Chief Operating Officer & Executive Director, TCS, during a candid chat with Zee Business.
More >
Reliance, TCS gain big as eight of top 10 companies add Rs 53,741 crore in m-cap
Sun, Feb 10, 2019
Only ITC and HDFC from the top-10 list suffered losses in their market capitalisation (m-cap) for the week ended Friday. Others in the gainers list included HDFC Bank, Hindustan Unilever Ltd (HUL), Infosys, SBI, Kotak Mahindra Bank Ltd and ICICI Bank.
More >
Good news for Infosys employees! Staff salaries set to double
Tue, Nov 27, 2018
The Bengaluru-headquartered IT major, which is one of the biggest recruiters of IT professionals in the country, is doubling the salaries of employees who will successfully complete its new bridge programmes, the Times of India said, adding that the well-architectured bridge programmes will enable employees to develop new skills without leaving the job.
More >
Reliance vs TCS, Infosys, HDFC, HUL, ICICI, SBI: Mukesh Ambani's company tops M-Cap chart
Sun, Nov 18, 2018
The gainers' list also included HDFC Bank, HUL, ICICI Bank, State Bank of India (SBI), HDFC and Kotak Mahindra Bank. On the other hand, TCS, ITC, and Infosys registered losses in their market capitalisation (m-cap) for the week ended Friday.
More >
TCS Q2 results 7 key takeaways: From profit to revenue growth, check out the whopping numbers
Thu, Oct 11, 2018
Commenting on the Q2 performance, Rajesh Gopinathan, CEO and MD, said: “We are very pleased with our all-round strong performance in Q2. Revenue growth was driven by expanding demand for digital transformation across verticals, and continued acceleration in BFSI and Retail. Our industry-leading digital growth, and best-in-class client metrics bear testimony to our standing as the preferred partner in our customers’ growth and transformation initiatives.”
More >
Massive TCS pay hike! New employees get double salaries, pay hiked to Rs 6.5 lakh
Wed, Oct 03, 2018
TCS usually visits its accredited colleges to hold a test followed by an interview. The company has also redesigned its selection process and instead of visiting colleges it will reportedly now hold an online National Qualifier Test (NQT).
More >
TCS Recruitment 2018: Company holds online test for 2.80 lakh engineering graduates
Tue, Sep 25, 2018
As many as 2,80,000 engineering graduates have taken the online examination conducted earlier this year. The company has taken the digital route in its bid to have a pan India recruitment exam which it has termed as the National Qualifier Test.
More >
