Tuesday, 21 September, 2021


TCS Q4 profit rises 4.5% to Rs6,904 crore, beats market expectations

TCS Q4 net profit rises 4.4% at Rs 6,904 crore board recommends 1:1 bonus TCS Q4 profit rises 4.5% to Rs6,904 crore, beats market expectations
Conrad Doyle | 19 April, 2018, 22:58

Strong growth across key geographies and continued momentum in digital technologies drove Tata Consultancy Services' fourth quarter consolidated net profit up 4.5 per cent at Rs 6,904 crore, from Rs 6,608 a year ago.

Revenue for FY 2018 grew 4.4 per cent YoY to Rs 1,23,104 crore from Rs 117.966 crore in FY 2017.

The firm is seen logging earnings before interest and tax (EBIT) margin estimate at 25.5% (+30 bps QoQ), led by currency benefits.

The TCS board also approved a bonus issue of equity shares in the ratio of one share for every one share held, which should also cheer investors. The analysts estimated the company to report a net profit of $1.05 billion, or Rs6,810.3,7 crore, in the period. With cross-currency tailwinds of 110 basis points, it expects dollar revenue growth of 3.3 per cent QoQ.

For FY18, TCS saw its net profit dipping 1.7 per cent to ₹25,826 crore, while revenue rose 4.3 per cent to ₹1,23,104 crore.

The revenue growth in constant currency terms was at 2 percent.

TCS said growth in Q4 was led by energy & utilities and travel & hospitality verticles, which reported 33.7 per cent and 25.4 per cent growth respectively. "The ability to stitch together and provide holistic solutions to the customer, which is allowing us to create these large deals, where the demand uptick is coming from", said Gopinathan. North America, the biggest market for TCS, grew by 4.9% YoY.

Unlike Infosys, the second largest IT services exporter, TCS does not give quarterly or annual forecast.

Outlook on banking and financial services and retail, traction in new digital initiatives (automation/solutions) and margin expectations for the next year are likely to be the focus of the earnings to be announced today evening.

TCS share price settled at Rs 3190.65, up 1 per cent on the BSE.

Recommended

loading...
...
  • California, Trump administration reach deal on National Guard

    California, Trump administration reach deal on National Guard

    There was no immediate reaction from Brown, whose administration believes the agreement was completed on Wednesday. The Arizona National Guard said last week that its troops will provide air and ground support.

    Were Analysts Bearish Energy Transfer Equity, LP (NYSE:ETE) This Week?

    After $0.60 actual earnings per share reported by BCE Inc. for the previous quarter, Wall Street now forecasts 6.67% EPS growth . Omega Advisors Inc decreased Aercap Holdings Nv (NYSE:AER) stake by 609,589 shares to 1.54M valued at $81.12 million in 2017Q4.
    Best Buy, Amazon Announce Partnership

    Best Buy, Amazon Announce Partnership

    The company reported strong sales during the 2017 holiday season, thanks in large part to TV and smartphone sales. Best Buy will begin selling 10 models of the Fire TV in the USA this summer, and later this year in Canada.
  • Nick Spencer talks Amazing Spider-Man with Marvel

    Nick Spencer talks Amazing Spider-Man with Marvel

    They then chose to stick with just making the best Spider-Man game and see whatever happens after that. Now it's just a case of counting down the click before we get to swing into NY for the epic adventure.

    Portfolio of Lower return Stock: QTS Realty Trust, Inc. (QTS)

    Forward Mngmt Limited Liability Corporation has invested 0.22% of its portfolio in Digital Realty Trust, Inc. KeyBanc Capital Markets maintained the shares of DLR in report on Tuesday, September 26 with "Buy" rating.
    Poroshenko congratulates Israeli people on Israel's 70th anniversary

    Poroshenko congratulates Israeli people on Israel's 70th anniversary

    The Israelis have not commented on the strike, which killed at least four Iranian military personnel, but Iran has vowed revenge. Ali Akbar Velayati, foreign policy adviser to Iranian supreme leader Ayatollah Ali Khamenei, threatened a response.
  • Hwy 401 eastbound closed in Mississauga for crash

    Hwy 401 eastbound closed in Mississauga for crash

    There is no timetable on when the lanes will be re-opened. "Looking at the damage it certainly could have been far worse". The crash forced police to close all eastbound lanes of Highway 401 at Trafalgar Road near Milton for several hours.
    Mid-Michigan Younkers stores closing this summer

    Mid-Michigan Younkers stores closing this summer

    And if you bought something from Bon-Ton that you want to return, you'd better hurry to the store, too. Liquidation firms Great American Group and Tiger Capital Group are the winners of the auction.

    On April, 24 Eli Lilly and Company (LLY) Analysts See $1.13 EPS

    Eli Lilly and Company (LLY ) have shown a high EPS growth of -15.00% in the last 5 years and has earnings decline of -37.00% yoy. Eli Lilly and Company (LLY ) stock price tumbled -0.25% to finalize at $79.72 throughout previous buying and selling session.
  • Mumbai team to help BJP with Karnataka polls

    Mumbai team to help BJP with Karnataka polls

    On the second day of his tour, the BJP president will meet party workers and leaders from across the state. Party state president B.S.Yeddyurappa, state leaders and Union ministers were present at the meeting.
    God of War: Where To Find Smoldering Ember

    God of War: Where To Find Smoldering Ember

    Smoldering Ember can be found and gained when you complete missions and challenges specifically in Muspelheim. The result, I am happy to say, is My Spirit Animal: Kratos from God of War .
    New Ford F-150 diesel gets 30-mpg highway rating

    New Ford F-150 diesel gets 30-mpg highway rating

    High fuel economy, historically the most compelling factor for diesel vehicle owners, hasn't been as big a pull for truck owners. Chevy is going after the diesel market with a 3.0-liter Duramax turbodiesel inline-six for the 2019 Chevrolet Silverado .

Worth Watching Stock Kinder Morgan, Inc. (KMI) Worth Watching Stock Kinder Morgan, Inc. (KMI) On average, equities research analysts forecast that Kinder Morgan Inc will post $0.68 earnings per share for the current year. It is positive, as 32 investors sold WYN shares while 194 reduced holdings. 14 funds opened positions while 27 raised stakes.

EyeGate Pharmaceuticals, Inc. (EYEG) transacted 4947188 shares unusually on Thursday The stock price moved with change of -41.54% to its 50 Day low point and changed 27.58% comparing to its 50 Day high point. The stock as of last trading session moved 16.96% up from its 52 week low and was -23.22% behind its 52 week high.

#Kathua: Students peacefully protest in Pampore #Kathua: Students peacefully protest in Pampore The protesters allege that the police tried to stop them from taking out a march and that is when the clashes erupted. Students took to the street in Anantnag, Awantipora, Srinagar , Baramulla and Ganderbal, among other areas.

Duval County School Board Trying To Make $62 Million Budget Cut Duval County School Board Trying To Make $62 Million Budget Cut Carlinville's Board of Education now has new officers, as the board reorganized at this month's meeting , held Monday, April 16. The school board often has to project into the future, regardless of the terms of board members, Milton said.

Passengers grabbed woman almost sucked from plane's window Passengers grabbed woman almost  sucked from plane's window The US Federal Aviation Administration said last night it would order the inspection of some 220 jet engines. And what was most dire was a female passenger being sucked into the hole where the window had been.

Prof Asperger 'helped Nazis in mass murder of disabled children' Prof Asperger 'helped Nazis in mass murder of disabled children' People with the syndrome, which is a mild form of autism, are considered to be on the high-functioning end of the autism spectrum. In an editorial published Thursday , the editors of Molecular Autism - Simon Baron-Cohen, Ami Klin, Steve Silberman and Joseph D.

Paula Patton goes public with married boyfriend Paula Patton goes public with married boyfriend Actress Paula Patton has just stepped out with her new boyfriend Zachary Quittman - amid rumors that he's actually still married. The couple, who've been dating a month, held hands as she smiled for the paparazzi. "I haven't called anybody a boyfriend".

Angela Merkel to back eurozone bailout fund in sign of greater integration Angela Merkel to back eurozone bailout fund in sign of greater integration In Brussels, senior European Union officials are playing down expectations for rapid and substantial progress. The French leader has also suggested the creation of a shared eurozone budget worth billions of pounds.

Skill Blueprints Lets You Design Your Own Alexa Responses Skill Blueprints Lets You Design Your Own Alexa Responses The company introduced Alexa Skill Blueprints this week, a new way to create your own personalized skills and responses for Alexa. Amazon has announced Alexa Skill Blueprints, a new way for users to vastly personalize their Alexa experience.

Are These Stocks A Sure Bet? - Facebook, Inc. (FB), Tesla, Inc. (TSLA) Sequoia holds 0.03% or 1,039 shares. 129.61 million shares or 0.73% less from 130.57 million shares in 2017Q3 were reported. It fall, as 105 investors sold TSLA shares while 156 reduced holdings. 206 grew positions while 69 funds bought positions.

Oklahoma wildfires: 34 Complex slows, Rhea continues to spread Oklahoma wildfires: 34 Complex slows, Rhea continues to spread Wind gusts forecast to hit 40 miles per hour (64 kph) were at 24 miles per hour (39 kph). Firefighters from across the country are continuing to fight fires in the state.

US Steel (X) Coverage Initiated at UBS The firm has a market capitalization of $6,287.82, a price-to-earnings ratio of 19.33, a PEG ratio of 0.90 and a beta of 2.97. Historical volatility is a quantifiable number which is based on past changes to the price of a stock or futures contract.

Jets will open regular season on 'Monday Night Football' Jets will open regular season on 'Monday Night Football' The New York Post is reporting Detroit will kick off the Matt Patricia era by hosting the Jets on Monday Night Football . The only prime-time game the Lions hosted a year ago was on a Sunday night against Pittsburgh in Week 8.

Giancarlo Stanton's ex-manager is unsure how boos will affect star Giancarlo Stanton's ex-manager is unsure how boos will affect star While Tanaka owns a ratio of nine strikeouts per nine innings (18 strikeouts, two walks), he has allowed four home runs so far. Garcia threw 45 four-seam fastballs with an average velocity of 92.1 miles per hour to complement a changeup and curveball.

This Google App Helps You Learn Mobile Coding In Fun Way This Google App Helps You Learn Mobile Coding In Fun Way " Coding is becoming such an essential skill, and we want to make it possible for everyone to learn even when life gets busy". If you're interested in learning JavaScript, but have no idea where to begin, Google's Grasshopper is a good starting point.