Tcs Q3 Result News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Tcs q3 result. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Tcs Q3 Result Today - Breaking & Trending Today
TCS Q3 result: TCS reported 4 per cent YoY revenue growth and 2 per cent YoY profit growth in Q3 of FY24. The company s operating margin improved by 50 bps to 25 per cent. ....
Margins were the standout feature of TCS results. It was 26% plus despite a wage hike. It was definitely very heartening to see that. But it has come about because of a number of things; one, growth has been across all the verticals. When there is growth there is also a margin pickup. We had explained it on multiple occasions in the past as well. Second, of course, currency did not have a big impact either way. Third, there is also the benefit of a fungible talent pool which means we are able to leverage that wherever people are located and also during these times, our utilisation, productivity have increased. More importantly, we have been trying to execute the work as efficiently as possible and drive the cost efficiencies. ....
Explore Now Our plan was to achieve rupee level revenue parity on a year-on-year basis by Q3 and constant currency by Q4. We have delivered constant currency revenue parity as well as margin parity by Q3, says TCS. The numbers have been strong, the management commentary has been quite charged. How long will the momentum sustain? In many ways, it is important to go back and see this in perspective. We had spoken to you at length through the course of this pandemic and as you will remember right at the beginning of it, we said that the operating targets that we are working with is to get back to revenue parity by Q3 and that said that we will try to achieve rupee level revenue parity on a year on year basis by Q3 and constant currency by Q4. What we have actually delivered is constant currency revenue parity by Q3 and also the margin parity by Q3. ....
The order book for TCS is at an all-time high, almost turning $7 billion. How does one understand the order book momentum in terms of growth? Will it be double digit or is what we have seen in the last couple of quarters more like a sugar rush due to Covid? In the last few quarters, we have been delivering a total contract of about $6 billion consistently. I will attribute this to proactive investments, innovative and market leading offerings. It is also an endorsement or an indication of the relative competitiveness that we have in the marketplace. Overall, we are pleased that in this particular quarter, almost every unit of ours, including all the geographies and products and platforms, have shown growth. Not only have they grown, there has also been broad-based deal wins. Out of $6.8 billion, BFSI has contributed about $2.6 billion. North America has done $4 billion. Overall, we are very pleased with the momentum that we have both on the sales side as well as on the de ....
Shares of information technology (IT) companies were trading higher, surging up to 6 per cent on the BSE, ahead of sector giant Tata Consultancy Services (TCS ), October-December 2020 quarter (Q3FY21) result, scheduled to be announced after market hours today. Meanwhile, Tech Mahindra has joined the elite Rs 1-trillion market capitalization (market-cap) club on the BSE as its share price rallied 6 per cent and hit an all-time high of Rs 1,060 on Friday. With market-cap of Rs 1.02 trillion at 02:15 pm, Tech Mahindra became the fifth IT company that joined Rs 1-trillion m-cap club. Overall, the company stood at 30th position in m-cap ranking, BSE data shows. Currently, among IT companies, TCS is numero uno with Rs 11.66 trillion market-cap, followed by Infosys (Rs 5.53 trillion), HCL Technologies (Rs 2.69 trillion) and Wipro (Rs 2.44 trillion), data shows. ....