TCS Q4 Results Live Update: CEO says co will see growth soon
TCS Q4 Results Live Update: Attrition moderated to 12.5%
TCS Q4 Results Live Update: Here’s what the management of TCS has said for its Q4 results
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TCS Q4 Results Live Update: What TCS CEO says about compnay performance
TCS Q4 Results Live Update: Growth by Markets
TCS Q4 Results Live Update: Growth by Domain
TCS Q4 Results: Profit rises 9% YoY to Rs 12,434 crore, beats estimates
TCS Management Commentary | K Krithivasan, Chief Executive Officer and Managing Director
TCS Q4 Results Live Update | FY 2023-24: Annual Highlights
• 62 clients in the $100 Mn+ band (+2 YoY)
• 139 in the $50 Mn+ band (+6 YoY)
• Employee Metrics:
• Employee Headcount: 601,546
• Diversity: 152 nationalities; 35.6% women
• IT Services Attrition (LTM): 12.5%
• Talent Development:
• 5 million competencies acquired
• Number of Contextual Masters at 73,000
• Free Cash Flow: Rs 44,282 cr
• Shareholder payout of Rs 46,223 cr in the form of dividends and buyback
TCS Q4 Results Live Update: Q4 FY 2024: Quarterly Highlights
- Revenue at Rs 61,237 cr, +3.5% YoY (CC: 2.2%)
- Growth led by India (+37.9%), UK (+6.2%), and Manufacturing (+9.7%)
- Operating Margin: 26.0%; YoY expansion of 150 bps
- Net Margin: 20.3%; YoY expansion of 100 bps
- Net Income: Rs 12,434 cr, +9.1% YoY
- Strong Cash conversion: Operating Cash Flow 100.4% of Net Income
- Final Dividend per share (proposed): Rs 28
TCS Q4 Results Live Update: Record deal wins and robust margins mark strong finish to TCS’ FY24
- FY 24 Order Book TCV1 at all time high $42.7 Bn; Record Q4 TCV at $13.2 Bn
- Full Year Revenue ?240,893 crore, +6.8% YoY2 (CC3: +3.4%)
- Growth led by UK (+10.1%) and Regional Markets (+19.8%)
- By verticals, Growth led by Energy, Resources and Utilities (+12.6%), Manufacturing (+7.3%),
- and Life Sciences & Healthcare (+4.8%)
- Operating Margin at 24.6%*; Net Margin at 19.3%*
- Net Income at Rs 46,585 crore*, +10.5% YoY*
TCS Q4 Results Live Update: TCS declares final dividend of Rs 28 per share
TCS Q4 Results Live Update: Revenue lower than ET NOW estimates
- Revenue at Rs 61,237 crore vs poll of Rs 61,650 crore
TCS Q4 Results Live Update: PAT at Rs 12,502 cr vs ET NOW poll of Rs 11,980 cr
TCS Q4 Results Live Update: TCS ends higher ahead of Q4 results
TCS Q4 Results Live Update: Kotak Institutional Equities on what TCS Q4 results could look like
- Our estimates include $150 million ($60 million or 0.9% incremental contribution QoQ) from the BSNL deal.
- Revenue growth would be driven by ramp-up of large deals, including JLR won in the recent past.
- We expect 30 bps increase in adjusted EBIT margin, aided by improvement in employee utilization and employee pyramid management.
- The focus will be on TCS’ ability to leverage its strengths in ‘Run’ spends and outperform on revenue growth in FY25.
- TCS also has won quite a few mega deals, which can contribute ~2.5% growth in FY25.
- We expect investor focus on—(1) outlook in financial services vertical and any loss of share to insourcing at large clients, (2) state of spending in the impacted North America market and financial services, hi-tech & telecom verticals, (3) pipeline of deals, (4) state of discretionary spending and what would it take to revive the same, (5) impact of GCC ramp-up on growth of companies and (6) levers to defend and increase margins.
TCS Q4 Results Live Update: Most TCS peer companies trade lower ahead of bellwether’s earnings; TCS an outlier
TCS Q4 Results Live Update: Nirmal Bang Institutional Equities on TCS Q4 results expectations
- We expect TCS to report 1.0% revenue growth QoQ in CC terms, backed by strong order inflow of the last 12 months. The headwind will likely be continued compression in the existing book of business (albeit much less than in earlier quarters).
- It is likely to face a cross-currency tailwind of 50 bps on a QoQ basis. We think that EBIT margin will expand by 60 bps QoQ to 25.6%. With subcontracting costs already at multi-quarter lows and in line with pre-pandemic times (6.8-7.0%), margins will improve on the back of furlough impact reversal from Q3, pyramid restructuring, higher offshoring, higher utilization and driving efficiencies in discretionary expenses.
- Things to watch out for: (1) Demand commentary for FY25. While it has stated that FY25 is going to be better than FY24, it has not indicated by how much. (2) Commentary around discretionary spending (3) Update on Generative AI projects, and by when it can reach the aspirational margin range of 26-28%.
TCS Q4 Results Live Update: MOSL on TCS Q4 results preview
- The growth is expected to be good at 2.2% QoQ CC, led by deal scale up, including the large BSNL deal.
- EBIT margin is expected to be stable, as operational improvements should be compensated by low margins in the India business.
- The deal pipeline should remain resilient, especially in the UK regions, while the US and Europe continue to stay on a weaker trajectory.
- Outlook on near-term demand environment, BFSI, and deal wins are the key monitorables.
TCS Q4 Results Live Update: TCS trades marginally in the red in afternoon session
TCS Q4 Results Live Update: TCS likely to outdo peers with ramp-up in big deals
On the revenue front, a ramp up in the BSNL deal may help the company to clock 1.6% sequential increase in revenue at $ 7,399.2 million. In rupee terms, the top line is likely to grow by 1.4% to Rs 61,457.2 crore. A TCS led consortium bagged Rs 15,000 crore worth contract from the state-run telecom operator BSNL in May 2023 to provide solutions related to 4G network deployment.
TCS Q4 Results Live Update: JM Financial on TCS Q4 results preview
- We expect c/c revenue growth of 1% with 30bps cross currency tailwinds translating into 1.3% QoQ USD revenue growth
- Expect ~20bps expansion in EBIT margin to 25.2% led better utilisation and lower sub-con expenses, offsetting lower margins from BSNL deal.
- We have built c.USD 100mn+ contribution from BSNL
TCS Q4 Results Live Update: ICICI Sec on TCS Q4 results expectations
- We build in 1.8% USD/1.7% CC QoQ revenue growth driven by traction in BFSI, retail (consumer business group) and hi-tech from the deals announced in Q4 (See exhibit 5) and contribution from BSNL passthroughs.
- We expect EBIT margin to expand by a minimal 30bps due to absence of furloughs and pyramid optimisation.
- We await management commentary on: 1) Enterprise discretionary spending, 2) BFSI traction post many deal signings in Q4FY24, 3) campus hiring and 4) large deals.
TCS Q4 Results Live Update: BNP Paribas on what it expects from TCS Q4 earnings
TCS Q4 Results Live Update: Axis Securities on TCS Q4 results expectations
TCS Q4 Results Live Update: TCS trades marginally higher, among top Nifty50 gainers at this hour
TCS Q4 Results Live Update | Earnings Recap: What TCS posted in Q3 FY24
TCS Q4 Results Live Update: What to watch out for in TCS earnings?
TCS Q4 Results Live Update: Schedule of events for TCS earnings
Tata Consultancy Services Limited will announce its results for the Fourth Quarter of FY 2024, ended March 31, on Friday, April 12, 2024, after-market trading hours. The results will be available on www.tcs.com.
• 17:30 hrs IST – Press Conference
The leadership team will address the media in a Press Conference at 17:30 hrs IST (20:00 hrs SST/HKT, 13:00 hrs UTC, 08:00 hrs US ET). The interaction will be telecast live on various business news channels and also streamed live on our website and on our YouTube channel.
• 19:00 hrs IST – Earnings Conference Call
The Company will also host an Earnings conference call at 19:00 hrs IST (21:30 hrs SST/HKT, 14:30 hrs UTC, 09:30 hrs US ET), during which the leadership team will discuss the financial performance and take questions.