• Home
  • Business
  • Personal Finance
  • Banking
    • Digital Payment
Friday, April 16, 2021
No Result
View All Result
NEWSLETTER
KM Capital
  • Home
  • Business
  • Personal Finance
  • Banking
    • Digital Payment
  • Home
  • Business
  • Personal Finance
  • Banking
    • Digital Payment
No Result
View All Result
KM Capital
No Result
View All Result
Home Business

TCS aiming for double-digit growth in FY22

by Ayushi Sahu
January 8, 2021
in Business
0
TCS aiming for double-digit growth in FY22
0
SHARES
17
VIEWS
Share on FacebookShare on Twitter

In the fiscal year 2022, its CEO Rajesh Gopinathan said on Friday, Tata Consultancy Services (TCS) NSE 2.90 percent will rise double-digit in the fiscal year 2022, as India’s largest IT services company sees a multi-year growth period for the software services industry helping global customers turn to digital and move their applications to the cloud.


We are very optimistic we should be able to return to our planned double-digit growth trajectory,” Gopinathan told reporters in the third quarter after beating street expectations.”

TCS said profit in the third quarter increased by 7.3 percent to Rs 8701 crore and revenue by 5.4 percent to Rs 42,015 crore on a year-on-year basis, the highest in nine quarters in a seasonally weak three month period, as it saw customers spend more on technology transformation across geographies and verticals,

On a year-on-year basis, TCS’ revenue rose 0.4 percent in constant currency terms. The business posted profits of $ 5.07 billion in dollar terms, up 4.1 percent from the previous quarter in constant currency terms.

The higher margin and sales growth beat expectations, analysts report. At 4.1 percent constant currency growth, TCS recorded very strong growth, we were building around 3.5 percent . It has improved 40 basis points, so it is a good beat on the topline as well as the margin. A number of company verticals have expanded really well, and the margin is at an all-time high as well. The lowest attrition is also seen as a positive development,’ said HDFC Securities’ IT analyst Apurva Prasad.

In the third quarter, TCS kicked off the results cycle among top IT firms. On January 13, smaller rivals Infosys and Wipro announced their earnings, followed on January 15 by HCL Technologies.

Ayushi Sahu

Ayushi Sahu

Next Post
Pharma stocks that doubled the money in 1 year

Pharma stocks that doubled the money in 1 year

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Pharma stocks that doubled the money in 1 year

Pharma stocks that doubled the money in 1 year

3 months ago
Petrol price surging in Metros

Surging Petrol Rates in Metros as high as Rs. 88.02/litre – An Outline

8 months ago

Popular News

    Connect with us

    Newsletter

    Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Aenean commodo ligula eget dolor.
    SUBSCRIBE

    Category

    • Banking
    • bollywood
    • bollywood
    • Business
    • Digital Payment
    • Economy
    • Entertainment
    • Movie
    • Personal Finance
    • Uncategorized
    • Web shows

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    • About
    • Advertise
    • Careers
    • Contact

    © 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

    No Result
    View All Result
    • Home
    • Business
    • Personal Finance
    • Banking
      • Digital Payment

    © 2021 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Login to your account below

    Forgotten Password?

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In