INSUBCONTINENT EXCLUSIVE:
TCS Quarterly Results 2018: The company will interact with analysts at an earnings conference call soon.Tata Consultancy Services (TCS)
today kicked off the June quarter corporate earnings season
TCS, the country's largest IT services exporter, reported a 23.5 per cent year-on-year (YoY) growth in consolidated profit for June
which celebrated its 50th anniversary this year, beat the Street's expectations
The company had posted Rs 5,945 crore profit for the corresponding quarter a year ago
the growth engine firing on all cylinders
Our banking vertical recovered very nicely this quarter, while other industry verticals maintained their momentum," CEO and managing
director Rajesh Gopinathan said.Greater Quarter To Kick Off The Year With, Says CEO Rajesh Gopinathan"We are starting the new fiscal year on
a strong note, with the growth engine firing on all cylinders
Our Banking vertical recovered very nicely this quarter, while other industry verticals maintained their momentum
With a good set of wins during the quarter, a robust deal pipeline and accelerating digital demand, we are positioned well for the future,"
CEO and MD Rajesh Gopinathan said
The dividend, TCS noted, will be paid out on July 25.TCS reported a 23.5 per cent year-on-year (YoY) growth in consolidated profit for June
The release of quarterly earnings will be followed by a press conference at 5:15 pm, in which the TCS management will will address the media
Check this space for more information."As customers move forward in their Business 4.0 journeys, TCS Is helping them leverage digital
technologies to drive their growth and transformation agendas
The multiple mega-deals that we won this year are evidence that TCS is their preferred partner in such strategically important initiatives,"
the BSE, underperforming IT stocks
Shares in Infosys, which is scheduled to release its Q1 earnings this week, finished with a 0.3 per cent gain at Rs 1,302.50.Sensex On
Course To Reclaim 36,000 After Nearly 6 MonthsThe Sensex today hit the key 36,000 mark after a gap of five-and-a-half months
per cent lower at Rs 1873.55 apiece on the BSE, whose benchmark index Sensex was up 306 points, or 0.9 per cent, at 36,241
HDFC Securities expects TCS' EBIT margin to decline 40 bps QoQ to 25 per cent impacted by wage increase
Edelweiss maintains a 'HOLD' call on TCS shares citing expensive valuations
IDBI Capital forecasts TCS to report the highest growth among IT companies at 3.2 per cent QoQ but also expects a cross currency headwind of
120 bps to 190 bps, which may offset part of the uptick in CC (constant currency) revenue growth
Valuations and recommendations snapshot from Edelweiss Securities Limited HDFC Securities estimates TCS Q1 rupee revenue at Rs 33,925 crore,
a growth of 5.8 per cent and 14.7 per cent on QoQ and YoY basis respectively
Edelweiss Securities expects TCS to report a revenue growth of 4.1 per cent QoQ in constant currency terms, driven by ramp-ups in major
However, we foresee 100 basis points cross currency impact, bringing down UD dollar growth to 3.1 per cent
Crisil expects EBITDA margin of IT sector to improve marginally on-year for the quarter ended June
Dollar depreciation and higher share of digital revenues would aid improvement, it said in a report
Ahead of Q1 results at 11:51 am, TCS shares are trading at Rs 1,888.15, with a gain of Rs 5.15 or 0.27 per cent on the National Stock
"The momentum is expected to remain strong in all industry verticals, except BFSI, which we believe is likely to turn around in one-two
quarters," said Edelweiss on TCS numbers
Investors need to watch out for TCS' commentary on demand outlook and client budgets in BFSI (banking, financial services and insurance),
traction in digital services and growth in Europe and Asia Pacific region, said Edelweiss Securities
At 10:06 am, TCS shares are trading at Rs 1,889.10 with a gain of 0.08 per cent after opening at Rs 1,895.20 on the Bombay Stock Exchange
IDBI Capital forecasts EBIT margin of TCS to decline by 115 basis points QoQ impacted by salary increase partly offset by rupee depreciation
IDBI Capital has an 'accumulate' call on TCS shares
HDFC Securities expects TCS to post "strong growth", with a revenue of $5,063 million, which marks a growth of 1.8 per cent and 10.3 per
cent on a QoQ and year-on-year (YoY) basis respectively
IDBI Capital has forecast TCS to report the highest growth among IT firms at 3.2 per cent on a quarter-on-quarter basis (QoQ) driven by
ramp-up in large deals secured in FY18
TCS outperformed peers during fourth quarter of FY 18, according to Edelweiss Securities
NSE IT outperformed Nifty during fourth quarter of FY18, according to Edelweiss Securities
HDFC Securities expects TCS to post "strong growth", with revenue of $5,063 million.
