Consultancy Services (TCS) opened the fourth quarter earnings season by getting a net profit of ₹ 9,926 crore, growth of more than 7% year-on-year (yoy). India’s top IT company income jumped almost 16% to ₹ 50,591 crore during Q4FY22. TCS shares rose in the opening offer Tuesday to ₹ 3.722 respectively.
IT services have signed at the technology level, with cloud migration and digital transformation transformation into the market. Given the size, ability, and stretch of the TCS portfolio, it is positioned correctly to utilize anticipated industrial growth, domestic broker highlighted by osculo.”TCS consistently maintains its market leadership position and shows the best class execution. This makes the company enough space to maintain leading margins in the industry and show a superior return ratio,” said the word.Motilal Oswal maintains a positive attitude on TCS, given the strong growth prospects. It has maintained a purchase rating on IT stocks with target prices ₹ 4,240.
The dollar’s revenue grew 14.3% in a constant currency from the previous year to $ 6.7 billion behind the highest order book which was worth the total contract value (TCV) of $ 11.3 billion. It reports an additional additional revenue of $ 3.5 billion and TCV of $ 34.6 billion for FY22.Analysts at Global Brokerage Jefferies said that the assessment of TCS premiums over the infosts, despite slower growth, can limit reverse. They have maintained an amplifier rating on TCS shares with a revised price target of ₹ 3.925.Stable margins, although there are additional strong headcounts and subcontracting fees increases, surprised positively. Margin and beat beat are mainly from higher income than expected, Jefferies records are highlighted “While the margin in FY23 tends to contract, we expect an increase in utilization and normalization of subcontracting costs to maintain a margin of around 25% upper level of FY23-24 despite normalization of travel costs,” he added.
Another Broker Icici Securities has reaffirmed the ranking of the description for slowing income growth and increase in PEG ratios with a price target of ₹ 3,519″TCS has a better supply side management of co-workers, the extent of the ability and ability of deep domains, but stock traded at 28.3x on FY24EP with a 2.4x peg – this leaves a limited space for reversions,” according to Eccici Securities.The views and recommendations made above are individual analysts or broking companies, and not from mint.
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