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TCS FY21 net profit rises 0.27% to Rs 32,430 cr; revenue rises to Rs 1.64 lakh cr


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TCS FY21 net profit rises 0.27% to Rs 32,430 cr; revenue rises to Rs 1.64 lakh cr
TCS registered revenue from operations at Rs 164,177 crore during FY21, up 4.6 per cent from Rs 156,949 crore in FY20; the company also declared a dividend of Rs 15 per equity share
BusinessToday.In | April 12, 2021 | Updated 19:56 IST
Tata Consultancy Services (TCS) posted a 0.27 per cent increase on annual basis in consolidated net profit for the financial year ended March 31, 2021 at Rs 32,430 crore. The IT bellwether had recorded a net profit of Rs 32,340 crore in the previous financial year, the company said in a stock exchange filing on Monday. ....

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TCS says this was their strongest autumn in nine years thanks to COVID


TCS says this was their strongest autumn in nine years thanks to COVID
Rounak JainJan 8, 2021, 19:55 IST
Tata Consultancy Services (TCS) announced Q3 resultsIANS
Tata Consultancy Services announced its December quarter results, posting double-digit growth of 16.4% in its overall profit.
This is the strongest December quarter for TCS in nine years, thanks to COVID-induced acceleration in tech adoption.
TCS also announced an interim dividend of ₹6 per share, adding to the ₹12 per share dividend announced in the September quarter.Tata Consultancy Services (TCS) has beaten market expectations and delivered another winning performance in the quarter ending December 2020. It reported its strongest third quarter results in nine years, thanks to COVID-induced acceleration in tech adoption. ....

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TCS Q3 preview: Robust TCV of deal wins expected; management to continue with positive commentary


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).  ....

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