TCS estimates better results, can be firmly 2.5% in the dollar Revenue Growth
The
results of the fourth quarter of fiscal year 2018 of Tata Consultancy Services,
the country's largest software company, are coming today. Experts estimate
that the results of TCS can be better. In the January-March quarter,
getting the new deal, the benefit of the strongness of the Healthy Momentum and
the dollar in other businesses, including digital, can be seen on the
result. Constant currency growth can be between 1 to 1.5 per cent and
between US $ 2 and 2.5 per cent. Due to the cross currency benefit, the
margins improve, while guidance is expected to be conservative.
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Movement Fever
Jagdish
Thakkar, director of Fortune Fiscal, says that TCS has achieved major deals in
the last months' digital space. Demand trends are also appearing, though
demand in the banking and financial and insurance segment is still
dull. But there is a healthy momentum in the second business
segment. By the end of this year banking and financial services are also
expected to improve. At the same time, the currency movement is in the
favors of the company, the correction of the dollar against the rupee will be
the cross currency benefit of the company. In the fourth quarter, the
company's revenue and margins are expected to show slight growth.
Gaurang
Shah, Head Investment Strategist, Geojit Financial Services, hopes to be
good for revenue , says that TCS's results are expected to be
better. The result of TCS will be better than Infosys. Although
guidance is expected to be conservative. He said that the company will
benefit from strengthening the rupee against the rupee, while the major deal
will also benefit from coming in the past months. In the fourth quarter,
the dollar and the constant currency revenues are both expected to be
better.
On the management commentary
Thakkar
says that TCS does not offer guidance but the market will be on the
management's commentary. How many new clients came in, how far they
were. Thakkar says that the company's focus is expected to be on the
strategy ahead. The company will try to give this signal that the business
environment has improved, the company's centimeters are better. For this
reason, the focus of management will be on the stability of the long
term. In such a situation, the strategy of more than the number of
management strategies will be on the market.
Revenue
Experts
say that in the fourth quarter, the constant currency growth of TCS on the
quarterly basis could be 1 to 1.5 percent. At the same time, the revenue growth
in the dollar terms is expected to be between 2 and 2.5 percent. According
to the brokerage house Kotak Securities, constant currency revenues can grow up
to 1.3 percent. At the same time, according to Brokerage House idelvis,
revenue growth in the dollar term could be 2.3 percent.
According to the profit
Brokerage
house Kotak Securities, the net profit on TCS can increase 4% on quarterly
basis, while on annual basis it can be 2.8% higher. According to Brokerage
House idelvice, the net profit of TCS can be 3 per cent on quarterly basis and
1.8 per cent more on an annual basis.
Read on, how were the third quarter results
In the third quarter, results were such
that in the
Third
quarter, profit rose 1.3 percent to Rs 6,531 crore, while the IT revenues of
the IT company rose 1.1 percent to Rs 30,904 crore. The pressure on the
company due to the reduction in expenses by the clients of the banking and
financial services sector remained under pressure. In the third quarter on
the annual basis, TCS net profit was down 3.6%. However, there was an
increase of 3.9 per cent in revenues on an annual basis.
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