Read more about Here is why TCS shares declined 4% today despite a strong Q4 earnings show on Business Standard. Analysts at ICICI Securities, for instance, have downgraded TCS stock from Add to Hold while Kotak Securities maintains Reduce
TCS Q4 result preview: What to expect?
Analysts are expecting TCS to clock 2.8-4 per cent growth on sequential basis in sales, while somewhere between 5 and 10 per cent growth in profit on a QoQ basis in Q4.
BusinessToday.In | April 12, 2021 | Updated 12:29 IST
IT sector as a whole is likely to surprise again with strong growth numbers
India s biggest tech company Tata Consultancies Services (TCS) Limited will announce its quarterly financial results for the January to March period today. Analysts are expecting TCS to clock 2.8-4 per cent growth on sequential basis in sales, while somewhere between 5 and 10 per cent growth in profit on a quarter-on-quarter (QoQ) basis in Q4.
India s largest software exporter Tata Consultancy Services (TCS) on Monday reported 15% increased in its consolidated net profit at Rs 9,246 crore for the fourth quarter ending March 31, 2021. It was Rs 8,049 crore in the year-ago period. Consolidated revenue from operations rose 9.4% to Rs 43,705 crore as against Rs 39,946 crore a year ago. Rajesh Gopinathan, Chief Executive Officer and Managing Director, TCS said: “Our investments over the last decade in building newer capabilities, and in research and innovation, position us well for the multi-year technology services opportunity ahead. While we continue to dominate in our traditional areas of strength, we are making good progress in gaining share in the growth and transformation opportunity. Our focus going into FY22 will be to engage with clients in their growth agenda, propelled by innovation and leverage of collective knowledge.”
Read more about TCS posts strong Q4 results helped by $9.2-bn order book; revenue rises 4% on Business Standard. The company also announced a final dividend of Rs 15 per equity share of Re 1 face value