This came after the IT services major reported an 8.7 per cent year-on-year (Y-o-Y) increase in its net profits to ₹12,040 crore in the April-June quarter of financial year 2024-25 (Q1FY25). However, sequentially, the profit dipped by 3.1 per cent.
Revenues soared 5.4 per cent Y-o-Y and 2.2 per cent sequentially to ₹62,613 crore. The topline and the bottomline marginally defeated Bloomberg estimates which had estimated revenue to be at 62,128 crore and profit at 11,959 crore.
According to brokerages, the revenue growth was broad based, with almost every vertical reporting sequential growth. BFSI and retail recovered smartly while manufacturing, healthcare and energy continued their growth momentum.
Despite broad-based revenue growth, deal wins in the quarter remained modest dragged by spillover of few deals to next quarter, analysts said. TCS signed $8.3 billion total contract value (TCV) during the quarter, slipping 18.6 per cent Y-o-Y and 37 per cent sequentially. In Q4FY24, TCS had signed TCVs worth $13.2 billion.
TCS continues to see a strong pipeline even as clients continue to re-prioritise spends on cost-takeout deals, they said.
この記事は Business Standard の July 13, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Business Standard の July 13, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
More friendly: IEPFA reaches out to investors
The Investor Education and Protection Fund Authority (IEPFA) is coming up with a raft of measures, including holding an investors' appeals event, to make it more approachable and claimant-friendly, besides resolving some of its systemic issues, according to official sources.
Nehruvian who fell out with Cong
Kunwar Natwar Singh, former foreign minister, India's ambassador to Pakistan during a critical period in the relations between the two countries, and an important influence in guiding India's foreign policy that went far beyond the formal positions he held, died in Delhi at 93.
Prices spoil the taste of platter
Following the monetary policy committee meeting last week, Reserve Bank of India (RBI) Governor Shaktikanta Das said that India's inflation targeting could not ignore the \"pressures\" of food inflation.
PET PROJECTS
Why state-run oil companies are spending billions on petchem capacity, amid oversupply and weak margins
Bank deposits: Barking up the wrong tree?
Despite efforts to boost deposit growth, credit growth is outpacing deposits. Traditional strategies are not working. Are we missing the big picture?
Idea behind SROs is not to make them more regulatory'
In March, the Reserve Bank of India came out with a framework on self-regulatory organisations (SROs). Since then, industry bodies in finance have shown interest in setting up SROs. It is early days even as there are concerns over dual membership and SROs' scope. ANISH MASHRUWALA, partner, JSA Advocates and Solicitors (and co-chair of the finance practice and head of its banking & finance group), spoke with Raghu Mohan on these issues in a telephonic interview. Edited excerpts:
Pair base policy with topup to combat rising health premiums
Buying a multi-year policy will also help you rein in costs
How to make tax officials accountable
A friend, Kalpesh, recounted an interaction with an Income Tax Officer (ITO) from a decade ago.
Trent's expansion seamlessly tailors its growth success
Cuts a sharp figure on retail runway while peers falter
Fed's September rate cut unlikely to alter RBI stance'
RAJEEV RADHAKRISHNAN, chief investment officer (fixed income) at SBI Mutual Fund, remains optimistic about the demand-supply dynamics, citing sustained overseas demand as a key factor. In an email exchange with Abhishek Kumar, Radhakrishnan notes that global central banks' potential policy easing could further bolster demand. However, he cautions that portfolio flows into India may be vulnerable if the economic slowdown expands beyond the US, potentially impacting investor sentiment. Edited excerpts:
