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7 Speaking on the company’s earnings call, execs focused on Q4 growth. CEO and managing director Rajesh Gopinathan said core transformation, cloud migration, and modernization of applications and data were the most in-demand services. The CEO added that TCS sees increased interest in outsourcing as organisations work to create digital experiences, some of them rushing to do so as the COVID-19 pandemic has seen customers acclimatized to doing more business online. Gopinathan opined that TCS’s application portfolio, and general expertise, is made to meet the moment. But he also said that the way IT projects are conducted these days makes it hard for TCS to forecast its future. ....
Operator Ladies and gentlemen, good day and welcome to the Infosys Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Mr. Sandeep Mahindroo. Thank you and over to you, sir. Sandeep Mahindroo Vice President, Financial Controller & Head-Investor Relations Thanks, Margaret. Hello, everyone, and welcome to Infosys earnings call to discuss Q4 and FY 21 earnings release. I m Sandeep from the IR team in Bangalore. Joining us today on this call is CEO and MD, Mr. Salil Parekh; COO, Mr. Pravin Rao; CFO, Mr. Nilanjan Roy; along with other members of the senior management team. We ll start the call with some color on the performance of the company by Salil, Pravin and Nilanjan before we open up the call for Q&A. ....
Read more about Infosys Q4FY21 preview: PAT seen rising 14-23%; buyback details eyed on Business Standard. Infosys Q4FY21 preview: The company board will also consider a share buyback during a meeting on April 14. Following this development, the stock had hit a 52-week high of Rs 1,480 on the BSE on Monday ....
TCS Q4 Preview: As the information technology (IT) services sector looks poised to continue with its trailblazing journey in the March quarter of the financial year 2020-2021 (Q4FY21), analysts expect the Tata Group crown jewel Tata Consultancy Services (TCS) to maintain its leadership position in the space in terms of revenue growth and margin expansion. TCS is expected to achieve this feat aided by certain large deals such as Postbank and Prudential Financial, ramp-up in multiple $50-100 million deals won in the preceding quarter, and strong demand in areas of cloud and customer experience. Hopes of a strong quarterly performance were visible in the stock price movement. The scrip jumped 11 per cent for the three months ended March 2021 and has risen nearly 16 per cent on a year-to-date (YTD) basis. This is against a 5 per cent rise in Nifty50 and a gain of 6.61 per cent in the Nifty IT index during the March quarter. ....
Dalal Street gave a lukewarm response to Wipro s buyout worth $1.45 billion (over Rs 10,500 crore), its biggest ever, of London-headquartered Capco as the shares of the firm tanked 4 per cent on the BSE to Rs 421.30 in Friday s trade following the announcement of the deal. Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the Banking, Financial Services and Insurance (BFSI) sector. The BFSI segment accounted for over 30 per cent of Wipro s IT services revenue in the December 2020 quarter that stood at $2,071 million. The deal comes at a time when businesses globally are betting on technology and increasing their spends on digital to support growth during the pandemic. ....