On a full year basis, order book was up at $42.7 billion as compared to $34.1 billion recorded in FY23. This is historically the highest full-year order book for the IT services giant
TCS Q4 result: TCS reported broadly in-line Q4 earnings as its revenue remained almost flat on a quarter-on-quarter basis and its profit rose about 4 per cent sequentially, in line with market expectations.
Before this, TCS announced an interim dividend of Rs 9 per cent share and a special dividend of Rs 18 per share post its third quarter results. TCS announced interim dividends of Rs 9 each in the second and first quarter.
Rs 33.44 / Rs 34.41 / 13.05% will these three numbers change how the Nifty behaves in next few days. By the time you are reading this, headlines about TCS beating the Q4 estimate would be running on the ticker. The question is what determines that the company has beaten the estimates and how it makes a difference to the fortune of these shareholders of the company and street and nifty as a whole. In the case of TCS, the estimated EPS for Q4 the analysts was Rs 33.44 for the Q4 for FY 24 and the actual numbers were Rs 34.31. While it might appear that this is a mere difference of just 87 paisa, but the fact is in an over researched and heavily institutionally owned stock that it is a good enough difference of expectations for stock to move sharply in the short term. What are the estimates of earnings for 5 large companies? And will they change the course of Nifty.
Buoyed by a mega 15-year deal with the UK-based insurer Aviva, which is pegged at around $ 2.5 billion according to media reports, the country’s largest software exporter reported a total contract value (TCV) of $13.2 billion for new deals, the largest in a single quarter.