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Labelled as a watershed moment for India’s venture capital and start-up ecosystem, Zomato’s Rs 9,375 crore initial public offer (IPO) will open for subscription on July 14 and is likely to draw a bumper response. Zomato, which has a presence in 525 cities in India with an average of 6.8 million customers ordering food every month, is being valued at $8 billion, or just under Rs 60,000 crore at the upper end of the price band of Rs 72-76. While most analysts have already raised concerns on the IPO's premium pricing (around 11 times its FY24 enterprise value to sales) that may leave ver...

Q1 Results Preview: Deal Wins To Lift IT Firms’ Revenue, Pressure Looms On Margin Jul 08 2021, 12:40 PM July 08 2021, 7:55 AM July 08 2021, 12:40 PM Analysts expect Infosys Ltd. to post a higher revenue growth than peers in the quarter ended June, helped by large deal wins and continued client spending towards technology as the Covid-19 pandemic accelerates digital adoption. But the impact of wage hikes and attrition may weigh on IT companies’ margin.Aggregate revenue of the five information technology companies on the Nifty 50 — Tata Consultancy Services Ltd., Infosys Ltd., HC...

Tech Mahindra stock received a lukewarm response from the investors on Dalal Street following a mixed set of March quarter results. The IT major's Q4 performance missed Street's estimates on the revenue and profit after tax (PAT) front although margins and deal win surprised positively. Following this, the stock was trading marginally lower by 1.5 per cent at Rs 948.65 on the BSE. It had touched a high of Rs 985.65 in opening trade. Tech Mahindra announced a net profit of Rs 1,081 crore for the fourth quarter ended March 31, 2021, up 34.6 per cent year-on-year (YoY), but down sequentially by ...

7 Speaking on the company’s earnings call, execs focused on Q4 growth. CEO and managing director Rajesh Gopinathan said core transformation, cloud migration, and modernization of applications and data were the most in-demand services. The CEO added that TCS sees increased interest in outsourcing as organisations work to create digital experiences, some of them rushing to do so as the COVID-19 pandemic has seen customers acclimatized to doing more business online. Gopinathan opined that TCS’s application portfolio, and general expertise, is made to meet the moment. But he also said that th...

Operator Ladies and gentlemen, good day and welcome to the Infosys Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded. I now hand the conference over to Mr. Sandeep Mahindroo. Thank you and over to you, sir. Sandeep Mahindroo -- Vice President, Financial Controller & Head-Investor Relations Thanks, Margaret. Hello, everyone, and welcome to Infosys earnings call to discuss Q4 and FY '21 earnings release. I'm Sandeep from the IR team in Bangalore. Joining us today on this call is CEO and MD, Mr. Salil Parekh; COO, Mr. Pravin Rao; CFO, Mr. Nilan...