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Thursday, May 30, 2024

TCS Q4 Results Highlights: Net profit beats estimates, revenue up 3.5%

TCS Q4 Results highlights: The IT services major announced its Q4 FY24 financial results today (April 12). 
Summary

TCS Q4 Results highlights: Revenue at 61,237 cr, +3.5% YoY (CC: 2.2%)

TCS Q4 Results LIVE: Check out the preview about what to expect in terms of dividend, deals, growth and more
TCS Q4 Results LIVE: Check out the preview about what to expect in terms of dividend, deals, growth and more

TCS Q4 Results highlights: Tata Consultancy Services (TCS) began the earnings season for tech companies as the TCS Q4 results have been announced today (April 12). Tata Consultancy Services reported a consolidated net profit of 12,434 crore in the fourth quarter which was up 9% from 11,392 crore a year ago....Read More

TCS shares ahead of TCS Q4 Results: Shares of TCS were trading almost flat on BSE today. The stock has risen 4.5 per cent so far this year, matching Nifty 50 returns over the same period. It has outpaced the Nifty IT index that has dropped 0.6 percent year-to-date.

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Apr 12, 2024 4:54 PM IST

TCS Q4 Results LIVE: What Samir Seksaria said on Q4 results

TCS Q4 Results LIVE: Samir Seksaria, chief financial officer, said, “In FY 2024, our disciplined approach to operations have helped us expand our industry-leading margins. In a challenging environment, we persisted with our long-term investments in workforce reskilling, research and innovation. We will continue to drive efficiencies and competitiveness to capture opportunities for growth with profitability.”

Apr 12, 2024 4:50 PM IST

TCS Q4 Results LIVE: What company said on research

TCS Q4 Results LIVE: As of March 31, 2024, the company has applied for 8,040 patents, including 188 applied during the quarter. The company has been granted 3,919 patents including 461 granted during the quarter.

Apr 12, 2024 4:47 PM IST

TCS Q4 Results LIVE: What company said on workforce

TCS Q4 Results LIVE: TCS’ workforce stood at 601,546 as of March 31. The employee base has 35.6% women and with 152 nationalities. Year to date, TCS employees clocked 51 million learning hours and acquired 5 million competencies.

Apr 12, 2024 4:44 PM IST

TCS Q4 Results LIVE: In case you are just joining, a look at TCS' profit 

TCS Q4 Results LIVE: Net profit beats estimates, revenue up 3.5%

Apr 12, 2024 4:38 PM IST

TCS Q4 Results LIVE: TCS top performers get double-digit hikes

TCS Q4 Results LIVE: TCS Chief HR Officer Milind Lakkad said that top performers will receive double-digit annual increments for financial year 2023-24.

Apr 12, 2024 4:35 PM IST

TCS Q4 Results LIVE: What TCS said on its headcount

TCS Q4 Results LIVE: TCS said that its headcount declined by 1,759 quarter-on-quarter in the fourth quarter. The headcount has declined by13,249 employees during the financial year 2023-24.

Apr 12, 2024 4:34 PM IST

TCS Q4 Results LIVE: Company's full year headcount falls first time in 19 years

TCS Q4 Results LIVE: TCS' headcount declined for the first time in 19 years, since the company was listed in 2004.

Apr 12, 2024 4:33 PM IST

TCS Q4 Results LIVE: TCS announces increments, top performers get hikes

TCS Q4 Results LIVE: TCS announces increments, top performers get hikes

Apr 12, 2024 4:30 PM IST

TCS Q4 Results LIVE: Growth led by India, UK, company shares

TCS Q4 Results LIVE: K Krithivasan, Chief Executive Officer and Managing Director, said, “In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership.”

Apr 12, 2024 4:27 PM IST

TCS Q4 Results LIVE: What company said on attrition rate

TCS Q4 Results LIVE: Milind Lakkad, Chief HR Officer, said, “We are pleased to announce the annual increments for our workforce, as we have done consistently every year, with top performers receiving double digit hikes."

Apr 12, 2024 4:24 PM IST

TCS Q4 Results LIVE: What TCS said on clients

TCS Q4 Results LIVE: TCS said on clients, “In a challenging macro environment, clients are prioritizing initiatives that reduce cost, increase business agility, improve security posture and resilience.”

Apr 12, 2024 4:22 PM IST

TCS Q4 Results LIVE: TCS sees highest ever order book, 26% operating margin

TCS Q4 Results LIVE:  TCS FY24 order book TCS (total contract value) at all time high $42.7 billion; record Q4 TCV at $13.2 billion

Apr 12, 2024 4:05 PM IST

TCS Q4 Results LIVE: What K Krithivasan, Chief Executive Officer and Managing Director, said

TCS Q4 Results LIVE: K Krithivasan, Chief Executive Officer and Managing Director, said, “We are very pleased to close Q4 and FY24 on a strong note with the highest ever order book and a 26% operating margin, validating the robustness of our business model and execution excellence. In an environment of global macro uncertainty, we are staying close to our customers and helping them execute on their core priorities with TCS’ portfolio of offerings, innovation capabilities and thought leadership.”

Apr 12, 2024 4:00 PM IST

TCS Q4 Results LIVE: Operating Cash Flow 100.4% of Net Income

TCS Q4 Results LIVE: Operating Cash Flow 100.4% of Net Income

Apr 12, 2024 3:57 PM IST

TCS Q4 Results LIVE: Operating Margin at 26.0%; YoY expansion of 150 bps

TCS Q4 Results LIVE: Operating Margin at 26.0%; YoY expansion of 150 bps

Apr 12, 2024 3:56 PM IST

TCS Q4 Results LIVE: Growth led by India (+37.9%), UK (+6.2%), and Manufacturing (+9.7%)

TCS Q4 Results LIVE: Growth led by India (+37.9%), UK (+6.2%), and Manufacturing (+9.7%), company says. 

Apr 12, 2024 3:53 PM IST

TCS Q4 Results LIVE: Revenue at ₹61,237 cr, +3.5% YoY (CC: 2.2%)

TCS Q4 Results LIVE: Revenue at 61,237 cr, +3.5% YoY (CC: 2.2%) 

Apr 12, 2024 3:50 PM IST

TCS Q4 Results LIVE: TCS declares final dividend of ₹28 per share

TCS Q4 Results LIVE: TCS declare final dividend of 28 per equity share of Re 1 each of the Company which shall be paid/dispatched on the fourth day from the conclusion of the 29th Annual General Meeting, it said. 

Apr 12, 2024 3:47 PM IST

TCS Q4 Results LIVE: TCS PAT at ₹12,502 crore, beats estimates

TCS Q4 Results LIVE: TCS PAT at 12,502 crore, beats estimates

Apr 12, 2024 3:40 PM IST

TCS Q4 Results LIVE: TCS stock ends higher ahead of Q4 results

TCS Q4 Results LIVE: TCS stock ends higher ahead of Q4 results

Apr 12, 2024 3:35 PM IST

TCS Q4 Results LIVE: Kotak Institutional Equities on TCS Q4 results

TCS Q4 Results LIVE: Kotak Institutional Equities said, “Our estimates include $150 million ($60 million or 0.9% incremental contribution QoQ) from the BSNL deal. Revenue growth would be driven by ramp-up of large deals, including JLR won in the recent past.”

Apr 12, 2024 3:07 PM IST

TCS Q4 Results LIVE: Nirmal Bang Institutional Equities on TCS Q4 results

TCS Q4 Results LIVE: Nirmal Bang Institutional Equities said, “We expect TCS to report 1.0% revenue growth QoQ in CC terms, backed by strong order inflow of the last 12 months. The headwind will likely be continued compression in the existing book of business (albeit much less than in earlier quarters).”

Apr 12, 2024 2:43 PM IST

TCS Q4 Results LIVE: BNP Paribas on what it expects from TCS Q4 earnings

TCS Q4 Results LIVE: BNP Paribas said ahead of TCS Q4 earnings, “We expect USD revenue growth of +1.3% q-q (+1.1% q-q in CC) on reversal of furloughs and incremental contribution from the BSNL and other deals. We model a 24 bps sequential increase in EBIT margin on account of operating efficiencies.”

Apr 12, 2024 2:31 PM IST

TCS Q4 Results LIVE: Motilal Oswal on TCS Q4 results

TCS Q4 Results LIVE: Motilal Oswal Financial Services said in its note, “The growth is expected to be good at 2.2% QoQ CC, led by deal scale up, including the large BSNL deal. EBIT margin is expected to be stable, as operational improvements should be compensated by low margins in the India business.”

Apr 12, 2024 2:16 PM IST

TCS Q4 Results LIVE: JM Financial on TCS Q4 results

TCS Q4 Results LIVE: JM Financial said, “We expect c/c revenue growth of 1% with 30bps cross currency tailwinds translating into 1.3% QoQ USD revenue growth.”

JM Financial said that it expects ~20bps expansion in EBIT margin to 25.2% led better utilisation and lower sub-con expenses and offsetting lower margins from BSNL deal.

Apr 12, 2024 1:50 PM IST

TCS Q4 Results LIVE: TCS trades marginally in the red in afternoon session

TCS Q4 Results LIVE: TCS trades marginally in the red in afternoon session ahead of earnings report today. 

Apr 12, 2024 1:38 PM IST

TCS Q4 Results LIVE: What Axis Securities said on TCS Q4 results expectations

TCS Q4 Results LIVE: Axis Securities said ahead of TCS Q4 results, “We expect TCS to report 2.3% revenue growth due to reversal of furloughs and ramp up of the deals. Moderation of subcontracting costs is likely to expand margins by 72 bps. We expect deal wins to be in the range of $7-9 billion in the quarter. The management commentary on new deal ramp-up, visibility going ahead, and vertical outlook on BFSI, Hi-tech, and Manufacturing are key things to watch out.”

Apr 12, 2024 1:27 PM IST

TCS Q4 Results LIVE: What TCS posted in Q3 FY24

Tata Consultancy Services reported a higher-than-expected revenue for the quarter ended December 2023. The company reported a 2% year-on-year (YoY) growth in consolidated net profit for the quarter to 11,058 crore and said that its revenue increased by 4% to 60,583 crore.

Apr 12, 2024 1:05 PM IST

TCS Q4 Results LIVE: Schedule of events today 

Tata Consultancy Services Limited will announce its results for the Fourth Quarter of FY 2024, ended March 31 after-market trading hours. The leadership team will address the media in a Press Conference at 5.30pm.

Apr 12, 2024 12:51 PM IST

TCS Q4 Results LIVE: How is TCS stock performing today?

TCS Q4 Results LIVE: Shares of TCS were trading almost flat at 3,983.30 apiece on BSE.

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