Amongst the list of Indian IT service providers, TCS is a company that is a part of the Tata Group and has offices in 150 locations in 46 countries. The company had over 600,000 employees worldwide in July 2022.
What will be the share price of TCS in 2023
During the last five years, TCS has gained 144% profit. This is one of the best tech stocks to buy in 2023.
The company is one of the world’s top IT providers and is ranked no.1 in Europe for customer satisfaction. It has over 4000 IT contracts in 13 European nations. It’s been recognized in nine global award categories.
TCS is also the recipient of the Microsoft Partner of the Year award for 2022. It’s also been named to the Microsoft Business Applications Inner Circle. This group is made up of top sales performers. It’s also investing in future-proof products and services.
TCS also has a solid customer base. Its customer satisfaction rate is 82%. The company has over 600k employees worldwide. It is also the first IT company to achieve a market cap of $200 billion. Its order book is the highest in history at $31.6 billion.
TCS’ order book increased by 17.1% over the prior year. The company also secured two large deals with Prudential Financial and Deutsche Bank. It also expanded locally in Ireland.
TCS is also investing in building its intellectual property on Microsoft Dynamics 365. This technology will help the company deliver greater speed-to-market.
What is the lot size of TCS future?
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Who is the biggest shareholder of TCS?
Among all the IT services providers in India, TCS stands out. It has the potential to take over the market. In fact, TCS is one of the largest private-sector employers in India. The company aims to employ more than 600,000 people by 8 July 2022.
Tata Consultancy Services, also known as TCS, is India’s leading information technology and business process outsourcing services company. It has a diverse portfolio of industry-leading products, services and solutions. Its operations include global outsourcing, consulting, IT and business solutions and cognitive business operations.
Tata Consultancy Services is a part of Tata Group. It is the largest IT services company in Asia. It has a global presence and offers transformational services to global enterprises. Its revenue in 2018 was US$ 19 billion. The company’s performance was recognized by Everest Group, which named it the best BPO company in the world.
Tata Consultancy Services has an operating margin of around 24%. It has blue-chip European customers and access to 116 customers in 35 countries. It also has an industry leading performance and customer satisfaction rating.
TCS has a large portfolio of industry leading products and services that help enterprises in transforming. It provides services to every C-suite stakeholder.
Will TCS bounce back?
During the last fiscal year, TCS recorded consolidated revenues of Rs 46,867 crore. However, the company recorded a profit of Rs 9,624 crore, which was well short of the consensus estimate. TCS’s margin was dragged by the impact of annual salary hikes and attrition. Its operating margin declined from 25.5% in the year-ago period to 23.1% in the current one. The company said that the margin would be restored through better utilization.
TCS has seen a decline of almost 20 per cent in the past year, but it is trading at levels that suggest that investors have confidence in the company’s ability to come back to life. Analysts believe that the company is on track to achieve 16.2 percent revenue growth in 2022. The company is expected to post a 3-4.6 per cent sequential revenue growth in constant currency terms.
The company is expected to report a net profit of Rs 10,149 crore on revenue of Rs 53,552 crore in the second quarter of the fiscal year. Analysts say that the company’s margin expansion is likely to be driven by pyramiding, a higher order book, and the impact of a good price.
In the first quarter of the fiscal year, TCS posted net profit of Rs 9,478 crore, which was slightly higher than the consensus estimate. The company also reported a 15% year-on-year increase in revenue. However, it did not meet street expectations, largely due to the margin squeeze.
Which share is better Infosys or TCS?
Earlier this week, two of India’s largest IT firms, Infosys and TCS, announced their financial results for the first quarter of 2022. Both stocks fell on Wednesday. The stocks lost 2.4 percent and 4.4 percent, respectively, in early morning trade.
Infosys has been facing mixed signals for a while now. It was struggling to retain its market share and was facing a lack of faith in its management. The company’s quarterly revenue growth was disappointing and the company failed to provide clear guidance for the coming months. Moreover, the company’s operating margin was cut by two points.
TCS on the other hand, has a bigger workforce and a higher revenue contribution from the Healthcare and Life Sciences divisions. It has also a higher attrition rate. But, the company has also managed to improve its QoQ net profit growth. The company also added a client with a project worth more than $100 million.
TCS’s share price has grown 200% in the last five years. Its market cap is around 2.5 times that of Infosys’ market cap. The TCS share price has a higher PE ratio, meaning that investors are paying a premium for its share.
Infosys’s stock price has gained 30% in the last five years. Its stock price has also climbed over 30% in the last three years. The company’s dividend yield is high. However, it has a lower free float.
Is it worth to buy TCS share for long term?
Earlier this year, the TCS stock price jumped by almost thirty percent. This made the company one of the highest-valued IT services brands in the world. However, the stock has fallen by more than six percent in the past five sessions. In order to determine if the TCS stock is worth buying for the long term, it is important to evaluate its financial performance, underlying fundamentals and its deal flow.
The long-term demand story for TCS is driven by the rise in demand for data analytics across enterprises. This will lead to an increase in budget allocations from customers. The company will also benefit from a rebound in the dollar index. In addition, digitization and cyber security will see an increase in budget allocations.
Considering the company’s long-term growth prospects, it makes sense to buy the TCS stock for the long term. Although the company is not currently undervalued, it has room to grow. It is also a debt-free company, which makes it less risky.
In addition, the company has a great working environment. The company’s employees work in 46 countries and provide services in the Middle East, Asia-Pacific, Europe and North America. TCS has a global presence and serves a wide variety of industries, including BFSI, Retail and Consumer Business, Communications Media and Technology.
Will TCS give 100 performance bonus?
Despite a strong demand environment, Indian IT majors reported a margin contraction due to higher employee costs in Q1 of the current fiscal year. TCS reported an attrition rate of 19.7 percent, while Infosys’s attrition rate remained high at 28.4 percent. In the first quarter of the next fiscal year, TCS plans to hire an additional 35,000 freshers, with the plan to add another 10-12,000 in the next two years.
TCS is the largest IT services firm in India. It operates in 149 locations across 46 countries. It has a workforce of 6.16 lakh employees. Its net profit rose to Rs 10,431 crore in the July-September quarter of the fiscal year. TCS has announced a dividend of Rs8 per equity share. It has hired 20,000 freshers in the July-September quarter and plans to hire more than 35,000 freshers in the fiscal year.
TCS has not yet finalized performance bonus for the first quarter of fiscal year 2023. However, a senior employee of TCS said that the firm will pay a bonus in payroll at the end of the quarter. TCS’s attrition rate has remained high at 19.7 percent in the first quarter of the current financial year, despite the increased hiring. The company’s consolidated revenue from operations grew 16.2 percent year-on-year to Rs 52,758 crore in the first quarter.