TCS EBIT MARGIN

IT sector experiences bullish rally ahead of Q1 results with Tech Mahindra, Coforge, and Infosys emerging as top stock recommendations.

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 ti...

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...

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.

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 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 we...

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 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 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.

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 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.

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.

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 grow...

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...

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 bottomli...

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 c...

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 h...

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 Secu...

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 a...