Page 153 - Tcs News Today

Customers turn cautious amid a banking crisis in US, Europe.The IT major reported a strong order book at $10 billion in the March quarter and $34.1 billion for FY23

TCS maintained that it looks to make 40,000 campus offers to freshers in the FY2023-2024

Rajesh Gopinathan, the outgoing Chief Executive Officer and Managing Director, who will be staying on till September 15 said that leadership transition over the next few months is smooth and seamless

Tata Consultancy Services (TCS), India’s largest IT services exporter, on Wednesday reported a net profit of Rs 11,392 crore for the fourth quarter of FY23.

The Board of Directors of Tata Consultancy Services Limited, at its meeting held today have approved the financial results of the company for the period ended March 31, 2023 - Q4FY23 and FY2023.

Indian IT companies are expected to put in a modest performance for Q4 FY23 given the macro-economic challenges and outlook for FY24 remains muted.

Key attributes to watch out for include deal TCV/pipeline, pricing scenario, and outlook on growth/margins/DSO days

TCS' clients are getting more cautious in the US and Europe and that the delay in decision-making, which was more pronounced in Europe, is now visible in the US.

They are being renegotiated in the face of a global slowdown that we have seen, particularly given that europe and us are the biggest geographies as far as business is concerned stop the third and more important one, of course, is the trends in it hiring, whether there is a slowdown that, humpbacks in hiring that these countries are going to do and it is important because these are major recruiters here in india. of course, these companies set the tone for the rest of the earnings calendar here ...

TCS is expected to report double digit growth in profit. Nirmal Bang Institutional Equities sees profit for TCS to rise 14.6 per cent YoY to Rs 11,200 crore against a 12.7 per cent growth for Infosys and a 9.3 per cent growth for HCL Tech.