TCS EBIT MARGIN
IT stocks rally up to 32% in 1 month. Will Q1 results mark end of sluggish revenue growth?
IT sector experiences bullish rally ahead of Q1 results with Tech Mahindra, Coforge, and Infosys emerging as top stock recommendations.
Mid and small IT companies showed sustained improvement in revenue, profit share in March ’24 quarter
Small and medium sized IT companies continued to show year-on-year improvement in the share of aggregate revenue and profit of the sector in the March 2024 quarter though the extent of improvement has tapered down implying resilience from the top tier companies.
IT sweats to eke out margins on pricing squeeze, staff costs
Indian outsourcing companies face a margin squeeze in FY24 due to a triple threat: aggressive deal pricing, rising employee costs, and the pressure to boost revenue despite tight global budgets. Notably, Tata Consultancy Services (TCS), the industry leader, seems to be the only exception.
HCLTech bucks trend again, headcount rises by 2,725 employees
For the full year as well, Noida-headquartered HCLTech added 1,537 employees from overall headcount of 225,944 in March end 2023. Similarly in FY23, HCLTech’s headcount had shown an increase by 3,674 employees.
Tech Mahindra to hire 6,000 freshers in FY25
Total headcount for Tech Mahindra declined by 795 from the previous quarter to 145,455, and falling by 6,945 from 152,400 employees a year ago.
TCS shares defy market sell-off as target prices rise after Q4 beat. Should you buy?
TCS shares rose up to 1% to the day's high at Rs 4,063 on BSE even as Sensex and Nifty fell around 1%. During the March quarter, TCS reported a 2.2% YoY increase in its revenue at Rs 61,237 crore in constant currency terms, despite ongoing demand weakness
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Q4 Results Today: What to expect from TCS earnings?
TCS anticipates sequential growth in Q4 driven by BFSI and manufacturing sectors. Operating margin estimates 25.2-27.2%. Key focus on FY25 outlook, Hi-Tech, telecommunications, US, Europe, and Accenture Plc. Investor interest in Dalal Street.
TCS Q4 results on Friday: Recap of how IT bellwether fared in FY24; key things D-Street needs to watch out for
TCS Q4 Results Preview: TCS to release earnings for March with slight improvement expected. Analysts monitor core earnings, profitability, deal wins, and management outlook for FY25 closely after challenging quarters.
TCS Q4 Preview: Reversal of furloughs to aid sales growth; FY25 outlook on radar
TCS likely to see sequential revenue growth in Q4 driven by BFSI and manufacturing sectors, with key focus on management commentary on new deals and vertical outlook.
TCS likely to outdo peers with ramp-up in big deals
Its operating margin is also likely to expand in the absence of any major wage increases and higher internal efficiency. The country’s largest software exporter is slated to declare the fourth quarter numbers on Friday.
IT Q4 Preview: Tech giants to see modest quarter; all eyes on FY25 guidance
IT companies anticipate modest growth in the upcoming quarter with a keen eye on FY25 guidance. TCS will lead the earnings season, while midcap companies are expected to outperform largecaps. Strong deal flows and margin expansion anticipated.
Infosys vs TCS: Who is poised to win in this Q4 IT battle?
TCS and Infosys are set for Q4 IT battle with muted industry performance expected. TCS eyes strong growth, while Infosys anticipates recovery in FY25. Margins favor TCS. Market outlook cautious amidst global uncertainty.
HCL Tech, TCS, Infosys, other IT stocks drop up to 5%. Blame it on Accenture
IT giants' shares drop as Accenture reduces FY24 revenue forecast, impacting Nifty IT index. Global peer's muted guidance affects market view. Analysts expect varied performance in FY25. Despite challenges, positive outlook for Indian IT sector growth prevails.
TCS shares rally over 4% to cross market cap of Rs 15 lakh crore for first time
Tata Consultancy Services (TCS) shares surged 4% to an all-time high of Rs 4,135.9 on BSE as it won a multi-year deal from Europ Assistance. The deal involves TCS helping Europ Assistance reimagine its global IT operating model. The partnership will focus on co-innovation using generative AI and other advanced technologies. TCS will leverage its proprietary solution, ignio AIOps, to enhance operational resilience and business agility for Europ Assistance. The company's market cap also crossed Rs 15 lakh crore for the first time in today's trade.
Tech Mahindra Q3 profit down 61% at Rs 510 crore in FY24
The country's fifth largest software services firm cited its business rationalisation measures as well as continuing macroeconomic headwinds impacting its clients across business segments for missing profit estimates.
Infosys vs TCS Q3 Results: Who scored better on all parameters?
The earnings season for India Inc. and the IT sector commenced with Infosys and Tata Consultancy Services reporting their results for the December quarter. The IT sector faced challenges due to the slowdown in the US and Europe, impacting revenue for software services exporters. Deal wins decreased for both companies, particularly for Infosys. Revenue from the BFSI vertical dropped for both TCS and Infosys, with Infosys experiencing a steeper decline.
Hot Stocks: Brokerages view on Infosys, TCS, Polycab India and Macrotech Developers
Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers.
Infosys shares jump 7% on Q3 results. Is the downgrade cycle over?
Infosys shares surge as Q3 results beat expectations. While FY24 revenue growth guidance was tightened, analysts are betting that Q3 was the bottom for the earnings downgrade cycle for the IT major. We expect growth to accelerate in FY25 on account of the ramp-up of large deals, strong deal pipeline and expected recovery in discretionary spending, said Emkay Global.
TCS shares jump over 3% as Q3 earnings beat Street estimates. Should you buy?
Tata Consultancy Services (TCS) shares jumped over 3% following its Q3 results. Morgan Stanley upgraded the stock to Overweight, while Motilal Oswal and Nuvama reiterated their buy stance. TCS reported higher-than-expected revenue but lower bottomline. Morgan Stanley raised the price target to Rs 4,240. Motilal Oswal has a target of Rs 4,250. Nuvama revised the target to Rs 4,500. Kotak maintained an Add rating.
TCS Q3 Results: Profit rises 2% YoY to Rs 11,058 crore; revenue up 4%
TCS Q3 Results: India’s largest software service provider reported a 2% YoY growth in consolidated net profit for the December quarter to Rs 11,058 crore, while the revenue increased 4% to Rs 60,583 crore. Analysts estimated a revenue of Rs 60,119 crore and a profit of Rs 11,446 crore. The board also recommended a special dividend payout of Rs 18/share and an interim dividend of Rs 9/share.
TCS Q3 Results Preview: Revenue, PAT likely to see muted growth; demand outlook critical
TCS Q3 Results Preview: In constant currency terms, most analysts expect TCS to see flat to a little over 1% growth in revenue sequentially. But there are a few brokerages like Nomura and BNP Paribas who foresee a decline in revenue. Most analysts have considered revenue contribution from the BSNL project in their topline estimates.
TCS Q3 Preview: Dollar revenue likely to decline QoQ for second straight quarter amid weak demand
The third quarter of the current fiscal year is expected to be lean for the IT companies. “We expect that deal booking momentum would show quite a moderation as a result of concerns around economic growth in the US/European markets,” stated YES Securities in a preview report.
Infosys vs TCS: Who felt winter chills stronger than the other in Q3?
While TCS is seen reporting a moderate growth in revenue in constant currency terms sequentially, Infosys will see the topline declining by more than 1 per cent, according to estimates given by brokerage firms.
TCS Q3 Results Preview: PAT growth seen declining to 5.2% YoY on higher furloughs, says Elara
TCS Q3 Preview: PAT growth will likely be lower this time as against a 10.98% YoY increase the company reported during the December quarter last fiscal. On a sequential basis, the net profit is expected to grow 0.6%, as higher-than-usual furloughs are set to offset growth in Q3FY24.
TCS Q2 Results: Profit rises 9% YoY to Rs 11,342 crore, beats estimates
The board has recommended a second interim dividend of Rs 9 per share. The board has also approved buyback of shares worth Rs 17,000 crore at Rs 4,150 apiece.
TCS Q2 Results Today: Share buyback, 5 other monitorables for Dalal Street & trading strategy
For the September quarter, which is traditionally strong for the sector, TCS is seen reporting a mere 1.4% sequential growth in consolidated revenue to Rs 60,218 crore, according to the average of estimates by eight brokerage firms. But on a year-on-year (YoY) basis, the topline is seen rising nearly 9%. Consolidated net profit is seen rising 3% sequentially and over 9% YoY to Rs 11,404 crore in the quarter, the estimates showed.
TCS Q2 earnings today: Profit, revenue to grow in single-digits in seasonally strong quarter; buyback announcement eyed
TCS Q2 Preview: Tata Consultancy Services (TCS) is expected to report modest growth in its second-quarter earnings, with a 1.4% sequential increase in consolidated revenue and a 3% sequential rise in net profit. Analysts anticipate deal momentum for TCS to continue, despite a slowdown in discretionary spending on IT services. The company is also set to consider a share buyback plan, which has already boosted its stock price. Investors will be closely monitoring TCS's outlook for key business verticals, margin trajectory, and capital allocation policy.
TCS Q2 may reflect slowdown in spends despite deal wins
The operating margin (EBIT margin) is expected to improve by 70-90 basis points sequentially due to operating efficiency and absence of major salary increments as they were implemented in the previous quarter. The company reported an EBIT margin of 23.2% in the June quarter
TCS rolls out salary hikes, takes 200-bps impact on operating margin
"We have gone ahead and rolled out our annual salary increase with effect from April 1st. Our operating margin of 23.2% reflects the 200-bps impact of this hike, offset through improved efficiencies," TCS CFO Samir Seksaria said.
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