TCS Q4 result: TCS reported broadly in-line Q4 earnings as its revenue remained almost flat on a quarter-on-quarter basis and its profit rose about 4 per cent sequentially, in line with market expectations.
TCS warns employees of disciplinary proceedings if they fail to follow the Work From Office roster. TCS had asked for at least 12 days of office attendance per month.
For FY24, Kotak said, the estimates for the fiscal were supposed to be weak and should play out that way. The brokerage expects banking crisis in US and Europe to impact Indian IT firms in June 2023 quarter.
Sensex and Nifty 50 stumbled by more than 1% on Monday after investors carried panic selling in IT stocks as concerns escalated following a disappointing fourth quarter by tech giants like TCS and Infosys. Markets were on a winning spree from March 29th to April 13 before correcting.