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TCS Share Price News: TCS Hits Record High After Profit Beats Estimates In December Quarter

TCS revenue in terms of constant grew at 4.1 per cent sequentially.
Shares of the country s largest software services company, Tata Consultancy Services (TCS), rose as much as 3.32 per cent to hit record high of Rs 3,224 on the BSE after it reported stronger than expected December quarter earnings post market hours on Friday on the back of higher demand for its cloud services during the Covid-19 pandemic. TCS shares surged a whopping 33 per cent in calendar year 2020, outperforming the Nifty which rose 15 per cent.
TCS net profit rose to Rs 8,701 Crore in the three months to December 31, 2020, from Rs 8,118 Crore a year earlier. Analysts on average had expected a profit of Rs 8,401 crore, according to Refinitiv data. Revenue from operations jumped 5.4 per cent to Rs 42,015 Crore. ....

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TCS Share Price: TCS Shares Gain 2% Ahead Of December Quarter Earnings

Tata Consultancy Services is expected to report strong revenue growth.
Shares of the country s largest information technology company, Tata Consultancy Services (TCS), gained as much as 2.5 per cent to hit an intraday high of Rs 3,110 on Friday, January 8, ahead of its December quarter results. The Mumbai-based IT services exporter reported a net profit of Rs 7,475 crore in the July-September period, marking a rise of 6.66 per cent compared to the previous quarter.
During the quarter, TCS completed Rs 16,000 crore share buyback plan, wherein it bought 5.33 crore equity shares at Rs 3,000 per share.
Promoted
At 12:10 pm, Tata Consultancy Services was trading at Rs 3,098.65, up Rs 65.95, or 2.17 per cent, on BSE. ....

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