“Believe What We are witnessing is a fairly long cycle technology upgrade opportunity, the most important aspect it is at multiple levels” said Rajesh Gopinathan, CEO & MD, TCS. He added, “There is absolutely no doubt that TCS is going for double-digit growth (even beyond FY22), stakeholders will have to take their bets, you can bet on us or bet against us but we are going for it.”
2020 was an incredible year where the HR team was able to adapt, collaborate and create magic in terms of work from home (WFH) environment. With an employee base of over 4 lakh, TCS is one of the largest private-sector employers in India. Margins expanded in Q3 despite wage hikes that were rolled out from October 2020.
Tata Consultancy Services (TCS) became the first Indian information technology (IT) company and overall the second listed company to cross Rs 12 trillion market-capitalisation (market-cap), on Monday, after reporting a healthy set of numbers for the October-December 2020 quarter (Q3FY21). Shares of TCS hit a fresh record high of Rs 3,224; up 3 per cent on the BSE in early morning trade after brokerages maintained ‘buy’ rating on the stock. The company’s Q3FY21 numbers were above analysts estimates on all fronts. The company said it could return to a double-digit growth trajectory next year. On the National Stock Exchange (NSE), the stock hit fresh all-time high of Rs 3,230, up 3.5 per cent. At 09:19 a.m, TCS market-cap stood at Rs 11.90 trillion, after the stock erased partially its early morning gains on the BSE and NSE. The stock was trading 1.7 per cent higher at Rs 3,172, against 0.67 per cent rise in the S&P BSE Sensex, the exchange data shows. In the past one month,
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).
TCS reported its best-ever growth for the Dec quarter in nine quarters on a sequential basis.Large deal wins remained strong at $6.8 bn, and strong growth in the near-term is expected
Information technology (IT) major Tata Consultancy Services (TCS) will kick off the December quarter earnings season for large-cap firms on Friday, January 8, when it will announce its quarterly numbers. The Tata Group company is likely to post a robust performance for the third quarter of the financial year 2021 (Q3FY21) on the back of strong demand in cloud adoption, tailwinds of large digital deals, project ramp-up and lower furloughs, believe analysts. The board will also consider the declaration of a third interim dividend to the equity shareholders. The IT firm s revenue in constant currency (CC) terms is expected to rise in the range of 2.4-4 per cent on quarter-on-quarter (QoQ) basis while it may grow between 3-4.5 per cent in dollar revenue. As for revenue growth in rupee terms, it is expected to be up between 3.4-5 per cent year-on-year (YoY) and 2.7-4.2 per cent quarter-on-quarter (QoQ). Besides, analysts expect TCS to post a 3-8 per cent year-on-year (YoY) growth in