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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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)
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.
#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.
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
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".
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.
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'
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.
This Google App Helps You Learn Mobile Coding In Fun Way