Tata Consultancy Services Ltd Share Price (TCS)

TCS Reports Strong Q4 Results Amidst Lower Workforce & Revenue - 18 Apr, 2024

Tata Consultancy Services (TCS) reported strong Q4 results with a 9.1% YoY growth in net profit, but also saw a net reduction of 1,759 employees and lower-than-expected revenue due to weak spending trends. TCS used office attendance as a metric for pay hikes, doubling its generative AI deal pipeline to $900 million in Q4, and training around 350,000 employees.

Mixed Results Reported by TCS Amid Market Weakness - 17 Apr, 2024

Despite reporting a steady operating performance and better-than-expected Q4 profits, TCS stock fell due to market weakness caused by the Iran-Israel conflict. However, TCS is confident about growth revival in its important BFSI vertical and expects better growth in FY25 compared to FY24.

TCS Reports Good Q4 Numbers and Plans Recruitment Drive - 16 Apr, 2024

Despite analysts predicting weak discretionary demand, TCS reports a 9% growth in net profit in Q4 of FY24. The company also plans to recruit 40,000 fresh graduates in FY25 and has announced a new delivery center in Brazil.

TCS Reports Q4FY24 Results - 15 Apr, 2024

Tata Consultancy Services (TCS) reported revenue of USD7.36b in Q4FY24, up 1.1% QoQ in constant currency terms, driven by India and the UK. TCS also reported its best quarterly deal TCV of USD13.2b.

TCS Reports Strong Q4 Earnings Growth - 14 Apr, 2024

Tata Consultancy Services (TCS) reports strong Q4 earnings growth, beating market estimates with a 9% YoY increase in net profit. Despite ending FY24 with fewer employees, TCS remains optimistic about IT spending budgets finalised by March.

TCS Reports Decline in Headcount, but Net Profit Rises - 13 Apr, 2024

Tata Consultancy Services (TCS) reported a decline in headcount for the first time in 19 years, while announcing double-digit salary hikes for high performers starting April. Despite this, TCS's Q4FY24 net profit rose by 9% YoY to Rs 12,434 crore, and mutual funds invested heavily in the company in March. Analysts maintain an 'Add' rating with a target price of Rs 4,500.

TCS Reports Q4 Results - 12 Apr, 2024

Tata Consultancy Services (TCS) reported a consolidated net profit of Rs 12,434 crore in the fourth quarter, up 9% YoY. Revenue from operations increased by a marginal 3.5% YoY to Rs 61,237 crore. The Board has also recommended a final dividend of Rs 28 per share.

TCS Board Meets for Q4 Results and Dividend - 11 Apr, 2024

Tata Consultancy Services (TCS) is set to announce its Q4 FY24 financial results and final dividend on April 12. Experts expect TCS to lead earnings growth among large-tier IT firms due to substantial deal wins in Europe. Bloomberg consensus estimates predict a 1.4% QoQ revenue growth. TCS's EBIT margin is expected to remain stable.

TCS Expected to Lead Growth Among IT Companies - 10 Apr, 2024

Tata Consultancy Services is expected to lead growth among Tier-I IT companies in Q4, with substantial deal wins in Europe. Analysts predict 1-3% QoQ revenue growth and a sequential improvement in profitability. TCS will release its Q4 results on April 12, with investors closely monitoring its FY25 outlook.

Moderate Growth Expected in TCS Q4 Earnings - 09 Apr, 2024

Tata Consultancy Services is set to announce its Q4 earnings on April 12, with experts predicting moderate top-line and profit growth. Analysts also expect the company to report a 5-6% YoY rise in net profit and an expansion of Ebit margin by 30-50 basis points. The company will also announce its final dividend for FY24.

TCS Set to Announce Q4 Earnings Amidst Economic Uncertainties - 08 Apr, 2024

Tata Consultancy Services (TCS) is set to announce its Q4 earnings on April 12 amid muted discretionary spending and a slowdown in new large deal wins. Analysts predict another quarter of muted growth for the sector.

TCS to Announce Q4 Results on April 12 - 07 Apr, 2024

Tata Consultancy Services (TCS) is set to kick off the Q4 earnings season for Indian companies with its results announcement on April 12. In Q3, TCS reported revenue of Rs 60,583 crore and net profit of Rs 11,097 crore.

TCS Prioritizes Employee Wellness - 06 Apr, 2024

Tata Consultancy Services recognizes the importance of employee wellness in organizational success and embraces holistic wellness as a top priority.

TCS Set to Report Strong Q4 Results Amidst Bullish Analyst Recommendations - 04 Apr, 2024

Tata Consultancy Services (TCS) is expected to report strong Q4 results with industry-leading growth, aided by BSNL deal ramp and $10 billion deal wins. Jai Bala of CashTheChaos recommends TCS and HCL Technologies Ltd. IIT Bombay and Tata Memorial Centre's CAR T-cell therapy launch will reduce cancer treatment costs. However, Nomura and HDFC Securities project slightly slower revenue growth of close to 4% for TCS this year.

TCS Stock Upgraded by CLSA; Buy Calls Increase - 03 Apr, 2024

Tata Consultancy Services (TCS) sees an upgrade from CLSA, which raised the target price to Rs 4043. The company's Q4FY24 is expected to be moderate but inline with expectations. Meanwhile, TCS stock gained 3% in Q4 to Rs 3876, with buy calls increasing to 26.

TCS Expected to Lead Revenue Growth Among Tier 1 IT Firms - 02 Apr, 2024

Tata Consultancy Services is set to disclose its Q4 results on April 12 and is expected to lead the revenue growth among tier 1 IT firms. Citi expects TCS to provide qualitative commentary in the upcoming results while revising down target prices of most IT firms.

Tata Consultancy Services Announces Final Dividend and Recognised with AWS Generative AI Competency - 01 Apr, 2024

Tata Consultancy Services (TCS) announces proposal for final dividend for FY24, recognised with AWS Generative AI Competency. Kotak Institutional Equities lists TCS as second top pick, while TCS ranks first in customer satisfaction in the Nordics for 15th year in a row.

TCS Accused of Hiring Bias in US Unit - 31 Mar, 2024

Tata Consultancy Services (TCS) is facing allegations of illegally discriminating against American employees based on race and age, with claims that the company fired them to hire workers from India on H-1B visas. The accusations have caused controversy for TCS.

TCS Faces Discrimination Allegations Amid Recruitment Drive - 30 Mar, 2024

Tata Consultancy Services (TCS) faces allegations of illegal discrimination from American tech professionals who claim they were fired and replaced with lower-paid Indian immigrants on temporary work visas. Additionally, over 20 American employees have filed complaints against TCS alleging unlawful discrimination based on race and age. Despite this, TCS is initiating a recruitment drive for fresh graduates in anticipation of a resurgence in growth by the second half of fiscal year 2025.

TCS Trains Employees in GenAI Skills & Achieves AWS Competency - 29 Mar, 2024

Tata Consultancy Services (TCS) has trained over 350k employees in generative AI skills, achieved AWS Generative AI competency, and begun campus and fresher hiring programs. However, it faces accusations of discrimination from American workers. TCS's commitment to innovation and adaptability reflects its dedication to staying at the forefront of technological advancements.