Share of India s largest IT firm Tata Consultancy Services (TCS) slipped over 3% ahead of its Q4 earnings scheduled to be announced later in the day. TCS share slipped 3.16% to Rs 3,217 against previous close of Rs 3,322 on BSE. The large cap stock has fa
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TCS FY21 net profit rises 0.27% to Rs 32,430 cr; revenue rises to Rs 1.64 lakh cr
TCS registered revenue from operations at Rs 164,177 crore during FY21, up 4.6 per cent from Rs 156,949 crore in FY20; the company also declared a dividend of Rs 15 per equity share
BusinessToday.In | April 12, 2021 | Updated 19:56 IST
Tata Consultancy Services (TCS) posted a 0.27 per cent increase on annual basis in consolidated net profit for the financial year ended March 31, 2021 at Rs 32,430 crore. The IT bellwether had recorded a net profit of Rs 32,340 crore in the previous financial year, the company said in a stock exchange filing on Monday.
TCS investors should watch out for large deal wins, outlook on client spending trends and levers to defend or improve margins in the backdrop of certain supply side concerns, analysts said.
Updated Jan 08, 2021 | 08:48 IST
Indian IT companies are poised to turn in the best Q3 in a decade; TCS likely to report industry-leading growth along with robust TCV of deals and positive commentary TCS Q3 preview: Robust TCV of deal wins expected; management to continue with positive commentary.
Mumbai: TCS stock hit fresh record highs in trade this week, this is just ahead of results to be declared on Friday (Jan 8), in fact the stock price has surpassed the recent buyback price of Rs 3,000 per share. Post the recent run-up and buyback TCS stock trades at premium valuations (highest amongst peers) of about 30x FY22 price to earnings multiple (PE).