While analysts stayed positive on TCS growth prospects, they see limited earnings upgrades for the stock from here on due to lack of positive surprises and expensive valuations.
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 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.
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.