Page 31 - Tcs
TCS tweaking business model to tackle US visa headwinds
Its US visa applications narrowed to 4,000 in 2016 as against 14,000 in the previous year
 "TCS tweaking business model to tackle US visa headwinds")
TCS Q3 net up 11% at Rs 6,778 cr, beats Street on strong digital revenue
Revenue grew 8.7% to Rs 29,735 cr on strong execution and 30% jump in revenue from digital services
 "TCS Q3 net up 11% at Rs 6,778 cr, beats Street on strong digital revenue")
Five things to watch out for in TCS results
In July-Sept 2016, TCS had missed street expectations with 7.8% growth in revenue at Rs 29,284 cr
 "Five things to watch out for in TCS results")
IT shares under pressure on revived H1B visa concerns
TCS, Infosys, HCL Tech, Tech Mahindra, Wipro, Tata Elxsi and MindTree were down 2% to 4% on the NSE.
TCS to focus on differentiated distribution
The Indian IT industry has been facing headwinds due to several global events like the US presidential elections
 "TCS to focus on differentiated distribution")
TCS, Indian Hotels call EGMs
Tata Sons had stated that ousted chairman Cyrus Mistry's conduct had caused enormous harm to the Tata group, says TCS
 "TCS, Indian Hotels call EGMs")
Tata-Mistry spat unlikely to hit TCS operations: Analysts
TCS called for an extraordinary general meeting to consider a resolution for Mistry's removal as Director of the company
 "Tata-Mistry spat unlikely to hit TCS operations: Analysts")
TCS hits 52-week low
Since October 24, TCS was down 13.6% as compared to 3.7% decline in the Nifty50 index.
 "TCS hits 52-week low")
After TCS, Tata Power likely to replace Mistry as chairman
Tata Steel, Tata Motors are among the other important group companies that Tata Sons wants to resolve the chairmanship issue swiftly
 "After TCS, Tata Power likely to replace Mistry as chairman")
TCS signs MoU with University of New South Wales
This will enable them to work together in areas of common interest such as machine learning, virtual reality, data analytics, cloud computing
 "TCS signs MoU with University of New South Wales")
Macro environment, tech shift main challenges now: N Chandrasekaran
Interview with MD & CEO, Tata Consultancy Services
 "Macro environment, tech shift main challenges now: N Chandrasekaran")
TCS, Infy to maintain higher margins
Despite lower growth scenario; companies say reworking strategy
TCS shares up over 2% post Q2 earnings
Although the stock opened on a flat note, it later saw some buying and gained 2.4 per cent to Rs 2,384.40
TCS trades flat post Q2 results
The stock was trading flat at Rs 2,336 on BSE, as compared to 0.20% fall in the S&P BSE Sensex at 09:56 am.
TCS revenue misses Street estimates in Q2
Q2 net profit climbs 8.4% to Rs 6,586 cr on margin boost; retail segment saw decline in discretionary spending, primarily from the UK and the US
 "TCS revenue misses Street estimates in Q2")
Are TCS operating margins sustainable?
High competitive environment and continued pricing pressure are a few pressure points for margins
 "Are TCS operating margins sustainable?")
TCS growth could be one of the slowest in 3 years
Analyst are also expecting that cross-currency will be one of the headwinds for TCS this quarter
Digital core would double the country's GDP in shorter time: TCS CEO
The digital core is getting developed with various initiatives of the government
 "Digital core would double the country's GDP in shorter time: TCS CEO")
Cloud over TCS revenue as IT sector faces heavy weather
Analysts are also concerned the firm might, for the first time, miss its indicated Ebit margin of 26-28%
 "Cloud over TCS revenue as IT sector faces heavy weather")
TCS profit warning spreads IT gloom
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
 "TCS profit warning spreads IT gloom")
