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Tata Consultancy Services Limited (TCS.NS)

NSE - NSE Real Time Price. Currency in INR
3,862.00-10.80 (-0.28%)
At close: 03:30PM IST
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  • Reuters

    India’s TCS counts on pricing increases to boost margins

    Commanding higher pricing for technology contracts will be one of the ways Tata Consultancy Services looks to "further enhance" its operating margin that is already at a 12-quarter high, its chief financial officer said on Saturday. During its fourth quarter results on Friday, the company reported a 150 basis point increase in its operating margin from a year earlier to 26% on account of "disciplined execution" and lower subcontractor costs. Seksaria also said any price increases would be "structural" in nature and will be used as a medium- to long-term strategy.

  • Bloomberg

    TCS Profit Rises on Contract Wins for Cloud, IT Projects

    (Bloomberg) -- Tata Consultancy Services Ltd. reported profit that topped analysts’ forecasts after customers hired it for machine learning, cloud and other artificial intelligence-driven projects to help them keep costs in check.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Tesla Asks Investors to Approve Musk’s $56 Billion Pay AgainPow

  • Reuters

    India's TCS pins hopes on strong deal pipeline to drive growth in fiscal 2025

    Tata Consultancy Services said on Friday it is banking on its robust deal pipeline to drive growth in 2025 after it reported lower-than-expected quarterly revenue on weak client spending in North America. The $254-billion Indian IT sector's clients have been curtailing their discretionary spends amid inflationary pressures and recession fears in key markets such as the United States and Europe. Industry body Nasscom estimated overall revenue growth more than halved to 3.8% last financial year.