Page 29 - Tcs

TCS Q4 profits up 4.2% to Rs 6,608 crore

TCS dollar revenue grew 8.5% in FY17, outshining smaller rival Infosys which grew 7.4%

Will TCS deliver on its margin promise?

Currency volatility and slowing growth could weigh on its profitability in coming quarters

Mixed bag at TCS: Q4 profit up 4.2% y-oy at Rs 6,606 cr, down 2.5% q-o-q

Revenue down 0.3% at Rs 29,542 crore q-o-q, up 4.2% year-on-year

Five key things to watch out from TCS Q4 results

Estimates of key brokerage firms say revenue growth should range between 4.4-5.4% year-on-year basis

TCS shareholders approve Rs 16,000-crore share buyback ahead of Q4 results

Tata Consultancy Services, India's largest software exporter on Monday said its shareholders have approved Rs 16,000 crore share buyback plan, as investors look to boost returns in the wake of slowing growth of the IT services sector.The buyback programme, which was passed through a special resolution, saw 99.81% of the total number of valid votes being cast in favour of the proposal, the company said in a regulatory filing.The proposed shares under the buyback represent 2.85% of the total paid up equity share capital at Rs 2,850 per equity share. In February, the board of TCS had approved the proposal to buy back up to 5.61 crore equity shares for an aggregate amount not exceeding Rs 16,000 crore.India's IT services firms are looking at returning cash to investors as they struggle to grow business in an uncertain environment. As traditional IT services business slow and automation takes over, clients are increasingly spending on digital and cloud projects, where business cycles are .

TCS shareholders approve Rs 16,000-cr share buyback proposal

The buyback represents 2.85% of the total paid up equity share capital at Rs 2,850 per equity share

TCS ties up with LIBA to launch PGDM course on Business Analytics

Course is aimed to bridge the existing skill gap in the industry

With H-1B visas under Trump cloud, TCS to step up local hiring in the US

TCS earns about 50% of its revenue from the US

No tax to be charged on cash purchase of above Rs 2 lakh

Tax collection at source limit for cash purchase of bullion was kept at Rs 2 lakh

TCS plans to step up local hiring in US

TCS has no plans to cut investments as it continues to expect robust growth from US

IT shares trade weak on strong rupee

TCS, Infosys, HCL Technologies, Wipro and Tech Mahindra were down in the range of 1%-2% on NSE

Will IT majors follow TCS in giving cash back?

The rational for holding high levels of cash was the need to fund inorganic growth

TCS says founders to participate in share buyback

Tata Sons owned 73.26 per cent of TCS as of the end of December

TCS for 'level playing field' amid US visa overhaul

Proposed visa overhaul had prompted Nasscom to postpone its annual forecast till May

TCS among top three IT services brands globally

Cognizant jumps 13 ranks to become 4th most valued

TCS to articulate capital allocation policy explicitly in next few months

Marketmen have been pushing for bringing in a more structured capital allocation strategy for TCS

TCS emerges as third most valued IT brand, IBM leads race

Tata Consultancy Services (TCS), today announced that it has broken into the list of the Top 3 most valuable brands in the IT Services industry, in an assessment done by Brand Finance, the world's leading brand valuation firm. "Just five years ago the TCS brand had achieved a major milestone, emerging as one of the big four brands in the IT Services sector. Through sustained growth in their brand value, they have now moved up one spot and consolidated their place along with IBM and Accenture at the top of the sector's foodchain," said David Haigh, CEO of Brand Finance. He added "This represents an absolutely stellar performance, adding an annual average of nearly a billion dollars in brand value across the seven-year tenure of their previous CEO N. Chandrasekaran."TCS was also rated as the industry's highest brand strength rating of AA+ and contributes to 69 per cent of the value of the larger Tata Brand. Over the past year, TCS has also been recognized for running marketing ...

TCS to remain net cash positive despite Rs 16,000 cr buyback: S&P

Ratings agency S&P expects IT services major TCS to remain net cash positive even if its Rs 16,000 crore-buyback offer gets fully subscribed. The ratings and outlook on Tata Consultancy Services are not affected by the company's Rs 16,000 crore offer for share repurchases, Standard & Poor's said in a statement. Earlier this week, TCS announced a Rs 16,000-crore share buyback - biggest in the Indian capital market, as it looks to return surplus cash to shareholders. "We believe TCS will maintain its net cash positive financial position, even if its offer for share repurchase were to be fully subscribed. As of December 31, 2016, TCS has net cash and cash equivalents of Rs 386 billion (Rs 38,600 crore)," it added. TCS' operations continue to perform in line with expectations and supports the rating, it said. S&P said Indian technology players will continue to grow at a slightly slower pace over the next two to three years due to technological disruptions. However, TCS ..

TCS plans India's biggest buyback, puts spotlight on Infosys cash pile

The software services major will repurchase 56.1 mn shares (2.85% of its equity) at Rs 2,850 apiece

TCS' Rs 16,000 cr buyback: They can work their magic only in the short term

Buybacks are not as efficient in lifting share prices over the medium and long terms