Shares of Tata Consultancy Services (TCS) dipped as much as 2.38 per cent in morning trade on Thursday ahead of the company's second quarter earnings to be announced later in the day.
TCS shares their 6-month low on Thursday after it announced that there could be a sequential loss as its clients may hold back discretionary spending in BFSI space in the US.
According to TCS GenZ Survey, desktops, home PCs and laptops are the most popular mode of accessing the Internet (44 per cent), closely followed by smartphones (43 per cent).
The combined market valuation of top seven companies declined by Rs 45,962.77 crore last week with IT majors -- Infosys and TCS -- taking the maximum hit.
A major American media company which owns prestigious dailies like Los Angeles Times and Chicago Tribune will outsource a part of its IT component to Indian software giant TCS, according to a media report.
The fiscal 20015-16 has been a very eventful year for the $150 billion Indian IT industry with the sector cognizant of the fact that the current model is very unlikely to take them to the next level of growth.
Shares of Tata Consultancy Services (TCS) slipped as much as 2.17 per cent intraday on Wednesday despite the company reporting 5.42 per cent quarter-on-quarter growth in its March quarter net profit at Rs 6,413.12 crore while
Infosys has outpaced industry leader TCS in all the four quarters in FY16, as far as revenue growth is concerned, signalling a turnaround in the company’s fortunes.
TCS beat estimates and reported 5.42 per cent quarter-on-quarter (qoq) rise in consolidated net profit figures at Rs 6,413.12 crore against net profit of Rs 6,083.39 crore in the sequential quarter ended December 2015.
Tata Consultancy Services on Monday announced a final dividend of Rs 27 per equity share, or 2,700 per cent, on face value of Rs 1 for the financial year ended March 31, 2016.
Shares of Cyient were trading 7 per cent up at Rs 487.40. It was followed by Mindtree (up 6.60 per cent) and Infosys (6.43 per cent). The Nifty IT index was trading 2 per cent up at 11,578.50 (at 1.01 pm).
Software major Tata Consultancy Services and utility vehicle maker Mahindra Group top the list of corporates involved in construction of toilets in schools under the government’s Swachh Vidyalaya Abhiyan initiative, account
The BSE Information Technology index ended 3.40 per cent down at 10,604.47 on Tuesday after the Nasdaq-listed Cognizant Technology Solutions, a IT service provider issued a weak sales forecast.
