Sunday, 16 December, 2018

TCS Q4 net profit up 4.4 per cent at Rs 6904 crore

TCS Q4 net profit up 4.4 per cent at Rs 6904 crore TCS Q4 net profit up 4.4 per cent at Rs 6904 crore
Russell Knight | 19 April, 2018, 21:54

Its EBIT or operating profit increased to Rs 8,147 crore, meeting estimates, led by 20 basis points increase in its operating margin at 25.4 per cent.

Shares of leading IT consulting firm Tata Consultancy Services (TCS) rose more than 1 per cent in today's trade ahead of its Q4 quarter results which will be released later in the day.

Consolidated revenue for Q4 grew 8.2 per cent YoY to Rs 32,075 crore from Rs 29,642 crore in same period year ago and 3.8 per cent sequentially from Rs 30,075 crore quarter ago. This was about 93 basis points lower than the previous year.

For the entire 2017-18, TCS saw its net profit dipping 1.7 per cent to Rs 25,826 crore, while revenue rose 4.3 per cent to Rs 1.23 lakh crore. TCS board approved a 1:1 bonus issue of equity shares, subject to the approval of the shareholders. However, the Q3FY18 net profit witnessed a sequential growth of 1.31 per cent as against net profit of Rs 6,460 crore in the preceding quarter.

With cross-currency tailwinds of 110 bps, Motilal Oswal expects dollar revenue growth of 3.3% QoQ.

USA weighing more sanctions against Russia: White House
President Donald Trump on Wednesday further muddied his administration's stance on imposing new sanctions on Russian Federation . After Haley's comments, some in the administration suggested the sanctions now being considered could be rolled out Monday.

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Turning coding lessons into something more like a smartphone game makes them easier to fit into a busy schedule, she says. Grasshopper also quizzes students occasionally to make sure they're comprehending the principles being taught in lessons.

Is QTS Realty Trust, Inc. (NYSE:QTS) a Long Term Growth Play?
Waddell And Reed Fincl Inc has 0.21% invested in Vail Resorts, Inc. $22.20B is Digital Rlty Tr's market cap. The Return on Equity (ROE) and Return on Investment values are 0.1 percent and 1.4 percent respectively.

In dollar terms, TCS reported revenue of $4,972 million, up 3.9 per cent quarter-on-quarter and up 11.7 per cent year-on-year.

Kotak Securities sees constant-currency revenue growth of 1.3 per cent and cross-currency tailwind of 130 bps. He highlighted the company has managed to win the largest possible deals at a time when perception was that large deals are hard to come by. "The management is sounding incrementally more hopeful on financial services: in Q4 FY18, BFSI remained muted with 0.4% QoQ growth (2.9% YoY) and so did North America with 0.2% QoQ (4.9% YoY)".

At the end of March, the company had 394,998 employees.

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

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