TCS MARGIN
On this season of corporate earnings, Nifty50 companies likely to give solid show Nifty 50 cos expect double-digit June revenue, profit growth, with net profit up 26.4% and 20.6% operating margins. Noted sectors' improvements, geopolitical concerns, Maruti Suzuki's volume growth, credit growth issues, moderate inflation effects, ...
08 Jul, 2024, 07.54 PM ISTMundane Monday: Sensex, Nifty settle on flat note in muted trade Profit-taking, weak Asia cues drag markets lower. ITC, RIL gains were not enough to counter HDFC Bank, Titan drag. In sectoral performance, Nifty Bank, Auto, Media, Metal, Pharma, Realty, and Consumer Durables ended lower, while Nifty FMCG, IT, and ...
08 Jul, 2024, 04.12 PM ISTIT stocks in focus ahead of June Qtr results; TCS, Cyient top buy which could give 15-18% return The IT industry anticipates a slow start to the year with concerns over weak first-quarter performance. Mid-tier companies may see growth opportunities in 'pre-GenAI' spending. Margins are expected to be stable amid macro uncertainties. TCS and Cyie...
08 Jul, 2024, 11.32 AM IST- ADVERTISEMENT
Q1 results, FII action among 10 factors to impact D-Street mood this week Nifty gained 1.2%, driven by IT, energy, and pharma stocks. U.S. labor data, TCS earnings, Rupee vs. Dollar, Bank Nifty, oil prices, FIIs, IPO action, and dividends will influence markets next week. Bulls maintain strength with positive sentiment an...
07 Jul, 2024, 09.32 AM ISTTCS, HCL earnings recovery may get further push from AI demand Indian IT companies like TCS and HCL are set to report on their earnings, showing signs of recovery amidst cautious spending by US and European companies. Retail giants Fast Retailing and Ryohin Keikaku are expected to see growth in operating profit...
05 Jul, 2024, 12.16 PM ISTIT 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.
03 Jul, 2024, 10.28 AM ISTIndian software sector earnings will remain modest in Q1: here’s why Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on p...
03 Jul, 2024, 07.03 AM ISTNomura turns bullish on Indian IT sector, highlights Infosys, Coforge as top picks Nomura bullish on Indian IT sector with top picks Infosys and Coforge, upgrades ratings for Wipro and HCL Technologies. Anticipates GenAI adoption boosting cloud services demand.
02 Jul, 2024, 11.56 AM ISTMid 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 ti...
02 Jul, 2024, 07.43 AM ISTEcommerce sellers count on cash-flow gains from GST cut Recommendations by the GST council aim to benefit suppliers on online platforms and real money gaming firms through tax changes, including a reduction in tax collected at source for electronic commerce operators.
24 Jun, 2024, 06.00 AM ISTIT stocks plunge up to 5% on Monday after 8% rally last week. Know how experts view sector! Nifty IT index fell 2.3% with Coforge and Persistent Systems as top losers, despite Nifty hitting a lifetime high. IT sector has seen recent positive returns but remains a laggard over the quarter.
10 Jun, 2024, 02.36 PM ISTUnpacking K Krithivasan's first year as TCS CEO TCS CEO K Krithivasan completed a year in office this month. His term was marked by an unprecedented slowdown in tech demand. The veteran, however, has brought growth and stability for the bellwether. Under his leadership, TCS reached $29.1 billion ...
09 Jun, 2024, 02.20 PM ISTSandip Agarwal's 4 top bets from IT sector for near term I think now the attrition rates are under control. Margin should expand because margin is a direct factor of where your attrition is, utilisation is. So, I think the revenue growth I do not see will pick up very substantially immediately, because i...
07 Jun, 2024, 01.59 PM ISTSlowdown hits Indian IT companies’ campus recruitments The IT service business model, which relies on pyramid structure with its base constituting young and less expensive employees, has been shrinking. In FY24, both TCS and Infosys saw the share of young employees in their total headcount plunge to a f...
25 May, 2024, 10.32 PM ISTAmazon India gets funds; IT margins hit Amazon has ploughed fresh funds in its Indian marketplace entity. This and more in today’s ETtech Top 5.
14 May, 2024, 07.55 PM ISTIT 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...
14 May, 2024, 06.01 AM ISTWhy hasn’t Infosys upgraded margin guidance if TCVs are at record high? Sandip Agarwal asks Sandip Agarwal asks: "Despite a strong TCV, why is the growth guidance so low? We are not able to connect the dots of what is pulling down growth so much and why they are projecting this kind of growth. In my view, this guidance and these numbers ar...
19 Apr, 2024, 08.52 AM ISTIT may see a muted Q4; rebound likely in FY25: experts The third-quarter performance of Indian IT majors such as TCS, Infosys, HCLTech and Wipro did not inspire much confidence. In Q3, Tata Consultancy Services posted a 4% increase in revenue and a 2% expansion in profit, while Infosys reported a 7.3% d...
15 Jan, 2024, 06.00 AM ISTIn next 3-4 quarters, falling attrition may spring big surprise in IT cos’ margins: Sandip Agarwal Sandip Agarwal says: “This quarter, the IT companies will show a slight beat in margin. In the next quarter, thereshould be a bigger beat in margin followed by even further better margins in the first half of FY25. We will have good margins to start...
12 Jan, 2024, 10.21 AM ISTTCS Q3 Results: Profit rises 2% YoY to Rs 11,058 cr; board approves dividend of Rs 27/share Tata Consultancy Services Ltd (TCS) on Thursday reported higher-than-expected revenue for the quarter ended December 2023, but the bottomline trailed expectations. India’s largest software service provider reported a 2% year-on-year (YoY) growth in ...
11 Jan, 2024, 04.25 PM IST