- PR Newswire•7 days ago
NEW YORK and MUMBAI, India, Sept. 19, 2016 /PRNewswire/ -- Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, has been ...
- Barrons.com•18 days ago
India's IT services companies fell after Tata Consultancy Services (TCS.India) warned that its financial sector clients in the U.S. are holding back on spending. In a public filing, TCS said "based on data at the end of August 2016, the Company has characterized customer outlook as one marked by abundant caution, with some holding back of discretionary spending - particularly in the BFSI vertical in the United States - resulting in a sequential loss of momentum." BSFI is not best-friend-forever-Inc, rather it refers to "banking, financial services and insurance." (Why do people use so many acronyms?!) TCS tumbled 5.7%, Tech Mahindra (TEML.India) fell 2.4%, HCL Technologies (HCLT.India) dropped 2.1%, Wipro (WIPR.India/WIT) fell 2% and Infosys (INFY) was down 1.9%.
- Reuters•18 days ago
India's Tata Consultancy Services Ltd (TCS.NS) (TCS) has warned that its financial sector clients in the United States are holding back on discretionary spending, sending its shares tumbling as much as 6.4 percent to a six-month low. The country's top software services exporter said its internal data as of end-August indicated that banking and financial services clients were being cautious and have in some cases been holding back on discretionary spending. This has led to a "sequential loss of momentum", TCS said in a securities filing late on Wednesday.
Tata Consultancy Services Limited (TCS.NS)
NSE - NSE Delayed Price. Currency in INR
|Day's Range||2,395.00 - 2,419.10|
|52wk Range||2,115.00 - 2,770.00|
|1y Target Est||N/A|
|P/E Ratio (ttm)||19.09|
|Avg Vol (3m)||1,194,310|
|Dividend & Yield||N/A (N/A)|