TCS share Price

TCS Q3 Results: Tata Consultancy Services (TCS) -- India's largest IT services company -- reported a sequential increase of four per cent in net profit to ...

[Attrition at TCS eased](https://www.zeebiz.com/companies/news-tata-consultancy-services-tcs-q3-results-2023-earnings-highlights-attrition-rate-2022-tcs-carrers-tcs-special-dividend-tcs-q3-profit-revenue-tcs-market-cap-share-price-nse-bse-tcs-latest-news-216333) by 20 bps sequentially to 21.3 per cent (12-month basis), though the IT firm saw a net decrease of 2,197 in headcount to 6,13,974. [Check out highlights of the January 9 session on Dalal Street](https://www.zeebiz.com/market-news/live-updates-stock-market-today-tcs-sensex-nifty-titan-share-market-dow-jones-hang-seng-brent-crude-216180) [ZeeBiz WebTeam](/authors/zeebiz-webteam-120) The company's management said it expects attrition to ease further in the coming months. Revenue (in crore rupees) According to Zee Business research, the IT giant was estimated to report a quarterly net profit of Rs 11,270 crore. [Latest Business News](https://www.zeebiz.com), [Stock Market](https://www.zeebiz.com/india/markets) Updates and [Videos](https://www.zeebiz.com/videos); Check your tax outgo through [Income Tax Calculator](https://www.zeebiz.com/personal-finance/income-tax-calculator) and save money through our [Personal Finance](https://www.zeebiz.com/personal-finance) coverage. The company's quarterly revenue increased 5.3 per cent on a quarter-on-quarter basis to Rs 58,229 crore, according to a regulatory filing. Improved productivity, currency support and abating supply-side challenges helped TCS expand its operating margin, CFO Samir Seksaria said. Sequential change - Q3 vs Q2 (%) Its quarterly revenue rose 5.3 per cent to Rs 58,229 crore. Tata Consultancy Services' management said its revenue growth was led by its North America and UK operations.

On a constant currency basis, TCS revenue jumped 13.5 per cent during the December 2022 quarter. TCS total workforce falls by 2,197 to 6,13,974 during the ...

Its net margin during the quarter stood at 18.6 per cent. TCS’ board also declared a third interim dividend of Rs 8 and a special dividend of Rs 67 per equity share of Rs 1 each of the company. We are particularly proud of having 125,000 TCSers at middle and senior levels who have been with the company for more than 10 years on average." Its record date stood at January 17, 2023, and the payment date of Febuary 3, 2023. Samir Seksaria, chief financial officer of TCS, said, “Improved productivity, currency support and abating supplyside challenges helped expand our operating margin in Q3. During October-December 2022, TCS’ revenue rose 19.1 per cent year-on-year to Rs 58,229 crore.

CNBC-TV18 poll expects US dollar revenue growth of 1.65 percent quarter-on-quarter, while rupee revenue growth seen at 3.9 percent.

There is a possibility that in Q1 FY24 the company can go ahead and do a buyback because the cool-off period has ended. The buyback happened in the month of March and the cool-off period ends in March. The most important commentary is going to be on buyback.

Investing.com -- The IT behemoth Tata Consultancy (NS: TCS ) Services reported its earnings results for the December 2022 ending quarter on Monday, posting a ...

Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. “Improved productivity, currency support and abating supply side challenges helped expand our operating margin in Q3. - NOTE: Spam and/or promotional messages and links within a comment will be removed - Enrich the conversation

In December 2022 quarter, TCS garnered a net profit of ₹10846 crore attributable to shareholders on a consolidated basis up by 11.02% YoY and 3.98% QoQ.

- In December 2022 quarter, TCS garnered a net profit of ₹10,846 crore attributable to shareholders on a consolidated basis up by 11.02% YoY and 3.98% QoQ. Also, net margin stood at 18.6% for the quarter, whereas the operating margin stood at 24.5% contracting by 0.5% YoY.

Meanwhile, the TCS board has also declared a third interim dividend of Rs 8 and a special dividend of Rs 67 per equity share.

MOST READ “We could not see re-rating in the stock in the near term. There will be a rangebound movement in the stock in the near term. However, the net profit of the company came below expectations. Guidance given by the company showed cautious optimism from the management side,” he said. Therefore, we advised long-term investors to buy the stock on every dip,” said Bathini. However, the value could come in the long term. The IT major has managed to outperform markets in the long run. Among major geographies, North America and the UK led the growth at 15.4 per cent each, Continental Europe grew at 9.7 per cent. For the US, there is some uncertainty but the momentum is in line for the UK business. Shares of the company are still down around 18 per cent from their 52-week high of Rs 4,045.50. Analysts retained their bullish view on Tata Consultancy Services (TCS) for the long term after it reported an 11 per cent year-on-year (YoY) growth in profit at Rs 10,846 crore for the December quarter against Rs 9,769 crore in the corresponding quarter a year ago.

Sensex Today Live Updates: Indicating further uptrend from current levels, domestic headline equity index Nifty today formed a long bull candle on the daily ...

Hi-Tech Pipes on Monday said it has signed an agreement with the UP Government to set up a steel manufacturing facility in the state at an investment of Rs 510 crore. All data point to a strong but cooling US economy which indicates the rising possibility of a soft landing for the US economy. The Committee of Creditors (CoC) will meet on Monday to decide on the second round of auction as it is expecting bids upwards of Rs 10,000 crore from this. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 367 or 0.66 per cent at Rs 56,110 per 10 grams in a business turnover of 13,348 lots. Jhunjhunwala’s stake in the lender increased to 2.07% as of December 31, from 1.48% a quarter ago, BSE data showed. The index clocked its best weekly performance in nine months on Friday after a clutch of positive data – including strong euro zone factory activity and a drop in the region's inflation – indicated a milder-than-expected recession and easing price pressures. Federal Bank plans to raise funds through the sale of certificates of deposit maturing in six months, three merchant bankers said on Monday. The other former foreign shareholders in the project - Japan's Sodeco consortium and ONGC Videsh - were asked to apply to the Russian government to regain their shareholdings in the project. The is stuck in a broad range between 42,000 and 43,000, and a break on either side will provide a clear direction. Russian President Vladimir Putin in October last year disbanded Exxon Neftegaz - a regional subsidiary of US super major ExxonMobil - as operator of the Sakhalin-1 and transferred the project and all of its assets and equipment to a new operator. Additionally, commencement of Q3 corporate earnings, with TCS set to announce its results today, will set the tone for other IT companies. Nifty snapped its 3 day losing streak and strengthened during the day to close with gains of 242 points (+1.4%) at 18101 levels.

The software major also announced a special dividend of Rs 67 per share and an interim dividend of Rs 8 per share.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) For the second quarter in a row, TCS saw an improvement in operational performance. In the first two quarters of the current financial year, the company bagged deals worth $8 billion. “Improved productivity, currency support and abating supply-side challenges helped expand our operating margin in Q3,” said Samir Seksaria, chief financial officer. Growth in Continental Europe was slightly moderate at 9.7%. The net profit rose nearly 4% on quarter to Rs 10,846 crore but was lower than the expected Rs 11,200 crore. “Looking ahead and beyond current uncertainties, our longer-term growth outlook remains robust,” Gopinathan said. [Rel Consumer to Focus Equally on Full FMCG Range, Backend Sourcing](/epaper/delhicapital/2023/jan/09/et-front/rel-consumer-to-focus-equally-on-full-fmcg-range-backend-sourcing/articleshow/96838482.cms) [RCap Lenders Decide to go for Fresh Auction](/epaper/delhicapital/2023/jan/09/et-front/rcap-lenders-decide-to-go-for-fresh-auction/articleshow/96838497.cms) [Customs Duty on 35 Items may be Hiked in Budget](/epaper/delhicapital/2023/jan/09/et-front/customs-duty-on-35-items-may-be-hiked-in-budget/articleshow/96838481.cms) In terms of industries, banks, financial services, and insurance (BFSI), which make up a major part of TCS’ revenue, saw 11% growth in the December quarter.

Both interim and special dividends would be paid on February 3 to equity shareholders of the company whose names appear on the Register of Members of the ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The net profit rose nearly 4% on quarter to Rs 10,846 crore, but was lower than the expected Rs 11,200 crore. In the past 12 months, it has declared an equity dividend amounting to Rs 45 per share, shows Trendlyne data. The IT company has declared 77 dividends since October 28, 2004. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Both the dividends would be paid on February 3 to equity shareholders of the company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Tuesday, January 17, 2023, which is the record date fixed for the purpose.

The revenue beat estimates but the profit was below Street expectations. The company also announced a dividend of Rs 75 per share including Rs 67 as a ...

"At the current juncture, owing to multiple global headwinds outlook for FY24E looks uncertain, but recovery could be gradual in the coming quarters. "The sustained strength of demand for our services is a validation of the value we provide to our clients in helping them differentiate themselves while enhancing their competitiveness. Management sounded more confident on demand recovery in North Americas and UK in the coming quarters, though Europe outlook remain uncertain." The company had posted a profit of Rs 9,806 crore in the year-ago period. The company also announced a dividend of Rs 75 per share including Rs 67 as a special dividend. Net margin came in at 18.6 percent.

TCS commentary was pointing to a high single-digit CC revenue growth in FY24 compared to the teen growth seen in both FY22 and FY23, said a brokerage.

The IT major had on Monday reported a 11 per cent year-on-year (YoY) rise in profit at Rs 10,846 crore for the December quarter compared with Rs 9,769 crore in the corresponding quarter last year. But, TCS reiterated its aspiration of double-digit growth in the medium to long term," said Motilal Oswal Securities, which has a target of Rs 3,810 on the stock. Revenues for the quarter jumped 19.10 per cent YoY to Rs 58,229 crore from Rs 48,885 crore in the same quarter last year. TCS on Monday reported dollar revenues of $7.08 billion in the December quarter, which was ahead of analysts' estimates. Nirmal Bang has the lowest target among a dozen brokerages at Rs 2,635. The December quarter results of Tata Consultancy Services (TCS) came largely in line with analyst estimates, but the management commentary was a bit cautious, said analysts, who sees growth constraints going ahead.

TCS share price fell more than 2% to Rs 3248 on NSE after the company's Q3 net profit missed Street estimates. Should you buy, hold or sell TCS shares?

(The stock recommendations in this story are by the respective research analysts and brokerage firms. 132 and 25x of FY24E EPS of Rs 137,” the brokerage said. We believe that revenue growth will likely be in the low-to-mid single digit, with margins not expanding in FY24 due to pricing pressure and normalisation of certain costs,” analysts at Nirmal Bang said. This has given medium-term revenue visibility assurance- however, whether growth may be starting to slow down, or whether the order book drop is a temporary result of a seasonally weak quarter remains to be seen. “At 27x PE on FY24E EPS, we believe that the returns will be sub-optimal,” it said. Order book though has come down on sequential basis but it continued to be in the guiding range of US$7-9bn and it also reflects the pain in Continental Europe geography.

TCS's Q3 revenue growth of 19.1% YoY at Rs 58229 crore surpassed analyst estimates. Global brokerage firm Jefferies said while TCS delivered healthy growth ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). An ET poll of analysts had expected the Mumbai-headquartered company’s profits to expand by 12.5%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. We raise EPS estimates factoring in revised cross-currency rate. Q3 reported a modest revenue beat, but margin was a miss. Target price: Rs 2,990 Target price: Rs 3840 Shares of the heavyweight IT company were trading 2.5% lower at Rs 3,237.05 in the morning session on Tuesday. Q3 revenues beat estimates but profits were missed due to forex losses. Target price: Rs 3350 Target price: Rs 3,500 Target Rs 2850

TCS' Q3 FY23 revenues beat estimates but profits missed due to forex losses, said Jefferies.

Technical analyst Nilesh Jain warned of profit booking in Tata Consultancy Services shares as the company's quarterly results, in his view, ...

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A cautious commentary by the TCS management weighed on IT stocks, which fell ahead of their quarterly earnings later in the week.

In the last twelve months, IT Services attrition rate stood at 21.3 per cent, the IT major said on Monday. Revenue for the quarter climbed 19.10 per cent YoY to Rs 58,229 crore from Rs 48,885 crore in the corresponding quarter last year. The IT firm had on Monday clocked a 11 per cent year-on-year (YoY) rise in net profit at Rs 10,846 crore for the December quarter compared with Rs 9,769 crore in the same quarter last year. Order book for the quarter came in at $7.8 billion, the IT major said, adding that book-to-bill stood at 1.1 times. Wipro declined 0.6 per cent to Rs 389.35. A cautious commentary by the TCS management weighed on IT stocks, which fell ahead of their quarterly earnings later in the week.