Page 37 - Tcs

TCS Q2 result: Brokerages upbeat on margin improvement; macro risks remain

TCS Q2 earnings review: Its attrition inched up to 21.5 per cent over the preceding quarter's 19.7 per cent. It said the quarterly annualized attrition has peaked in Q2 and should taper down from here

TCS launches solution to help central banks in use of digital currencies

As major central banks work towards roll-outs of digital currencies, India's largest software exporter TCS on Tuesday announced a solution which will aid in their roll-outs and usage. The Tata Group company has enhanced its blockchain solutions platform Quartz to enable central and commercial banks to support the entire lifecycle of Central Bank Digital Currency (CBDC) issuance, book-keeping and transactions. The company's president for banking, financial services and insurance products and platforms, Vivekanand Ramgopal told PTI that having the capability was fundamental to TCS, which counts on the BFSI (Banking, Financial Services and Insurance) segment as its largest business vertical. Without giving a size of the opportunity, Ramgopal said having the CBDC solution is "incredibly important" strategically and added that it is already working with multiple stakeholders in the system. The company feels a wholesale CBDC has clear advantages over the retail one and may be the first o

Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%

CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers

TCS slips over 2% even as Q2FY23 results beat Street estimates

The IT major reported net profit of Rs 10,431 crore, up 8.4 per cent year-on-year (YoY) and 10 per cent quarter-on-quarter (QoQ)

TCS to give full variable pay to 70 per cent employees in Q2FY23: Report

In Q2FY23, TCS saw an eight per cent year-on-year (YoY) jump in its net profit to Rs 10,465 crore, beating the estimates

Top Headlines: TCS on moonlighting, licensing of digital apps, and more

TCS said moonlighting is an "ethical issue" and against its core values but has not taken any action against any staff

As consulting firms enter tech, problems grow for Indian IT companies

European clients, which typically account for a quarter to a third of Indian firms' sales, are almost certain to cut their tech budgets - at least until the war in Ukraine comes to an end

TCS to hire additional 10k-12k freshers in current year amid 21% attrition

"Attrition will need at least four quarters to come down to 20%. But the overall number of people leaving the company will come down significantly," said Milind Lakkad, Chief HR Officer of TCS.

TCS beats Street estimates in Q2, net rises 8.4%; attrition remains high

Net profit has crossed the Rs 10,000-crore mark for the first time

TCS sees softness in long-term deals after second-quarter beat

Many of India's top IT services firms are looking at various cost-cutting measures, as they are worried that tightening budgets at recession-wary US and European clients will sharply hit their profits

TCS' Q2 net profit rises 8% to Rs 10,431 cr, firm declares Rs 8 dividend

The firm's consolidated revenue from operations rose 18% to Rs 55,309 cr

Top headlines: TCS Q2 net rises 8%; Nobel economics for research on banks

The firm's consolidated revenue from operations rose 18% to Rs 55,309 crore in Q2FY23 as against Rs 46,867 crore in Q2FY22

Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up

CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.

What should you expect from IT majors' Q2-FY23 earnings?

The second quarter earnings season is set to begin today with results from IT major TCS. Here's a report on what experts are anticipating from top Indian IT majors in the September quarter

Stocks to watch: TCS, HUL, GCPL, Ambuja Cements, Tata Power, Bandhan Bank

Stocks to watch today: Tata Consultancy Services (TCS) will kick off India Inc's July to September (Q2FY23) earnings on Monday, October 10; HUL, GCPL slashed prices of soap products by up to 15%

IT firms seen logging steady sequential growth in Q2: Brokerages

Indian IT services companies are expected to log steady sequential revenue growth in September quarter but an overhang of weak global cues tinged with macro risks will put spotlight on management commentary around deal momentum and demand outlook, say analysts. Brokerage reports and analysts' notes on Q2 earnings preview anticipate reasonably strong growth quarter for Indian IT firms despite challenging macroeconomic scenario in the US and Europe, but there are fair bit of warnings around "incremental pockets of weakness" or "slowdown in coming quarters". The sunny, all-bullish demand narrative just a few quarters back has made way for more cautious and tempered expectations as storm clouds over global economy prompt economic commentators to flash warnings about recession risks and international market shocks. Reports suggest that the US-based companies, including many tech firms, have cumulatively laid off thousands of employees in 2022 alone, and slammed brakes on hirings. Back .

TCS, Infosys results, macro data to drive markets this week: Analysts

Trading in the domestic equity market this week will be influenced by quarterly results from TCS and Infosys, besides inflation and industrial production data as well as global trends, analysts said. Movement of the rupee, which has slumped to record lows against the US dollar, will also be tracked by investors, they added. "This week, participants will be eyeing important macroeconomic data viz IIP, CPI and WPI... Besides, the week also marks the beginning of the earnings season with IT majors like TCS, Infosys, HCL Tech and Wipro announcing their numbers along with two other heavyweights Bajaj Auto and HDFC Bank," said Ajit Mishra, VP - Research, Religare Broking Ltd. Performance of the US markets, FIIs' trend, and movement in currency and crude will also remain on their radar, Mishra added. Last week, the 30-share BSE benchmark Sensex jumped 764.37 points or 1.33 per cent. The domestic equity markets were closed on Wednesday for Dussehra. Apurva Sheth, Head of Market Perspectiv

Seven of top-10 firms add Rs 1 trn in mcap; RIL, TCS biggest gainers

The combined market valuation of seven of the 10 most valued firms climbed Rs 1,01,043.69 crore last week, with Reliance Industries and TCS emerging as the biggest gainers. Last week, the 30-share BSE Sensex jumped 764.37 points or 1.33 per cent. The domestic equity markets were closed on Wednesday for Dussehra. The market valuation of Reliance Industries Ltd (RIL) climbed Rs 37,581.61 crore to reach Rs 16,46,182.66 crore. Tata Consultancy Services (TCS) added Rs 22,082.37 crore, taking its valuation to Rs 11,21,480.95 crore. The market valuation of Infosys jumped Rs 16,263.25 crore to Rs 6,10,871.36 crore and that of ICICI Bank went higher by Rs 13,433.27 crore to Rs 6,14,589.87 crore. The market capitalisation (mcap) of HDFC advanced Rs 6,733.19 crore to Rs 4,22,810.22 crore and that of HDFC Bank surged Rs 4,623.07 crore to Rs 7,96,894.04 crore. Bajaj Finance added Rs 326.93 crore to its valuation to stand at Rs 4,44,563.66 crore. However, Hindustan Unilever's valuation diminis

TCS Q2 margin may expand sequentially; revenue seen rising up to 9% YoY

TCS Q2 preview: The company's EBIT margins are likely to improve by 40-118 basis points on a quarterly basis due to improved pricing, operating leverage, and absorption of wage hikes

Wipro asks employees to report to office at least three days a week

The firm's office will remain open for four days each week