Tata Consultancy Services Ltd (TCS)

TCS Resumes Campus Hiring; Seeks Govt Intervention on Chinese Imports - 29 Apr, 2024

Tata Consultancy Services (TCS) is resuming campus hiring and has bagged a Rs 15,000 crore deal from BSNL. TCS CEO is cautiously optimistic about FY25. TCS, along with other domestic vendors, seeks govt intervention to halt Chinese telecom imports.

TCS Reports Strong Q4 Results Amid Valuation Concerns - 27 Apr, 2024

Tata Consultancy Services (TCS) reported a strong Q4 with a 9% YoY increase in net profit and a slight uptick in revenue. However, concerns remain about the sustainability of TCS's valuation premium over Accenture and its impact on other Indian IT stocks.

TCS CEO Forecasts AI Revolutionizing Call Centers - 26 Apr, 2024

Tata Consultancy Services (TCS) CEO K Krithivasan has predicted that the rapid advancement of artificial intelligence (AI), particularly generative AI, could lead to a diminished need for traditional call center operations across Asia within a year. TCS has a pipeline of generative AI projects worth $900 million.

TCS Partners with AWS; Predicts AI Impact on Call Centres - 25 Apr, 2024

Tata Consultancy Services (TCS) has partnered with Amazon Web Services to accelerate its customers' cloud transformation journey. Meanwhile, TCS CEO K Krithivasan predicts that AI advancements will significantly reduce the need for call centres within a year. However, there are concerns about exaggerated expectations of immediate benefits from generative AI. Additionally, TCS reported a full-year headcount decline in FY24, which is historically the first time.

TCS Partners with AWS for Cloud Transformation - 24 Apr, 2024

Tata Consultancy Services (TCS) has partnered with Amazon Web Services (AWS) to accelerate its customers' cloud transformation journey at scale. TCS will leverage data and generative artificial intelligence solutions on AWS to facilitate full-stack digital transformation of enterprises globally. Additionally, TCS secured a massive Rs 15,000 crore deal with Bharat Sanchar Nigam Ltd (BSNL) for large data centers across India.

TCS Ties Variable Pay to Office Attendance - 23 Apr, 2024

Tata Consultancy Services has updated its policy to link variable pay to physical presence in the office. Employees must maintain a minimum of 60% office attendance to qualify for any variable pay for the quarter, and those with less than 60% attendance will not receive the quarterly bonus.

TCS Reports Strong Deal Wins and Introduces Revised Variable Pay Policy - 22 Apr, 2024

Tata Consultancy Services (TCS) has reported strong deal wins and introduced a revised variable pay policy that links performance bonuses to office attendance. Additionally, TCS announced a generative AI deal pipeline worth $900 million and posted a consolidated net profit of ₹12,434 crore in Q4FY24.

TCS Reports Drop in Employee Headcount and Slight Increase in Q4 Margin - 21 Apr, 2024

Tata Consultancy Services (TCS) reported a decrease in employee headcount for March 2024 and a marginal increase in Q4 employee cost margin. Meanwhile, Infosys also saw an increase in Q4 employee cost allocation.

TCS Reports Decline in Headcount, Sells Shares to Pay Off Loans - 20 Apr, 2024

Tata Consultancy Services sees a decline in full-year headcount for the first time since 2004, uses proceeds from selling TCS shares to pay off loans, and witnesses drastic workforce reductions along with Infosys and Wipro.

TCS Outperforms Peers in Q4FY24 Results - 19 Apr, 2024

Tata Consultancy Services (TCS) reports strong Q4FY24 results, outperforming peers Infosys and Wipro. Despite a drop in full-year employee headcount, TCS sees growth in net profit and revenue, with promising pipeline for future work in AI projects.

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.