India Business News: Tata Consultancy Services (TCS) reported a 5.9% growth in constant currency in the fourth quarter of 2020-21, compared to the same period in the previ
Should TCS shareholders expect higher dividends?
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Last Updated: Apr 13, 2021, 03:00 PM IST
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Synopsis We have been consistent in our policy of distributing 80-100% of our free cash flow unless there is some specific requirement like an acquisition, for example, says TCS CFO CFO V Ramakrishnan.
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A day after releasing its quarterly results, the top management of India s largest IT company Tata Consultancy Services (TCS) spoke to Nikunj Dalmia on a host of issues including outlook for FY22, new growth drivers and how shareholders may be rewarded.
TCS CEO and MD Rajesh Gopinathan, COO NG Subramaniam and CFO V Ramakrishnan participated in the conversation.
TCS reports strong Q4 numbers: Will the momentum sustain?
The profitability was at the highest level since the September 2015 quarter when it had peaked at 27.1%.
Synopsis
While its stock has gained over the past few days following the anticipation of robust quarterly performance and weakness in the rupee against the dollar, the latest quarterly numbers may help it sustain the current valuation.
The fourth quarter performance of Tata Consultancy services (TCS) reflects a sustained business momentum across geographies and verticals. The country’s largest software exporter bagged the highest quarterly orders and reported stellar performance on the margin front. This improves revenue visibility, a solace for investors amid rising uncertainty due to the second wave of the pandemic. While its stock has gained over the past few days following
Sensex, Nifty Set To Open Lower; TCS In Focus Ahead Of Earnings Tata Consultancy Services will be in focus as it will report its March quarter and financial year 2021 earnings later in the day.
Updated: April 12, 2021 8:47 am IST
The Indian equity benchmarks are set to stage a gap down opening as indicated by the Nifty futures traded on the Singapore Exchange. Nifty futures on Singapore Exchange (SGX Nifty) fell 1.67 per cent or 249 points to 14,632, indicating that the markets will see a big fall in the opening deals. Rising Covid-19 cases is likely to hamper the economic recovery of the country and is weighing on the investors sentiment, analysts said.
TCS Q4 results to be released today
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TCS Q4 results to be released today
Agencies / Updated: Apr 12, 2021, 08:54 IST
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TCS Q4 Results
NEW DELHI: Indian multinational information technology services and consulting company, Tata Consultancy Services (TCS) will today release its March quarter results of the financial year 2020-2021 (Q4FY21). As per market analysts, the company is expected to maintain its leadership position in the IT space sector in terms of revenue growth and margin expansion.
For TCS, the fourth quarter revenue growth will be driven by a rampup in deals won in the third quarter i.e. Postbank and Prudential - both combined will add 2 per cent incremental growth.