Tata Consultancy Services

EPS and PE rerating for TCS

Posted by : Guest

Eli Lilly and Company, a leading innovation-driven pharmaceutical corporation, has awarded TCS the 2008 Global Supplier Award for information technology excellence.


The Supplier Award recognizes suppliers who demonstrate superior performance with winning behaviors key to Lilly’s success.

TCS Sept qtr PAT seen at Rs 1410 cr: M Oswal

Posted by : IT_Bulls

Motilal Oswal has come out with its earning estimates on software sector for the quarter ended September 2008. According to the report, TCS revenues are expected to go up 8.3% at Rs 69,431 million versus Rs 64,107 million, QoQ.

The company`s net profit is seen up 13.4% at Rs 14,106 million versus Rs 12,436 million, QoQ.

Buy TCS with a target of Rs 1700

Posted by : IT_Bulls

IT companies are saying that they are strong about their guidance and the markets are reacting wrongly to business prospect for IT companies.

On one side people are scared that business is going to be dented because of the meltdown in the Wall Street but on the other hand rupee has depreciated so much.

Also, US always looks at India for cost savings and manpower for IT.

EPS and PE rerating for TCS

Posted by : Guest

Eli Lilly and Company, a leading innovation-driven pharmaceutical corporation, has awarded TCS the 2008 Global Supplier Award for information technology excellence.


The Supplier Award recognizes suppliers who demonstrate superior performance with winning behaviors key to Lilly’s success.

Ten cos in fray for BSNL’s Rs 4,000-cr pr

Posted by : Guest

This is just another way to lose money. Pumping money into high risk avenues, such as equities, without understanding can prove dangerous. A Warren Buffet saying sums it all up -- To finish first, you have to first finish!

EPS and PE rerating for TCS

Posted by : IT_Bulls

Global IT major Tata Consultancy Services (TCS) has provided its suite for tax revenue and licensing management to City of Tucson, Arizona.

TCS offers IT services to Pithampur Sangathan.

TCS wins Wall Street Journal Global innovation technology award.

Saab, TCS in tie-up for aviation centres.

TCS, others in fray for BSNL project.

TCS partners with Swedish aerospace company.

Ericsson selects TCS to handle internal IT operations.

US dollar is at 5 year high against Indian rupee.

At Rs 671, TCS trades at less than 10 times its FY09 estimates - possibly because of its poor performance in the June quarter.

EPS and PE rerating for TCS

Posted by : IT_Bulls

Global IT major Tata Consultancy Services (TCS) has provided its suite for tax revenue and licensing management to City of Tucson, Arizona.

TCS offers IT services to Pithampur Sangathan.

TCS wins Wall Street Journal Global innovation technology award.

Saab, TCS in tie-up for aviation centres.

TCS, others in fray for BSNL project.

TCS partners with Swedish aerospace company.

Ericsson selects TCS to handle internal IT operations.

US dollar is at 5 year high against Indian rupee.

At Rs 671, TCS trades at less than 10 times its FY09 estimates - possibly because of its poor performance in the June quarter.

EPS and PE rerating for TCS

Posted by : IT_Bulls

The silver liningThe conversion of Goldman Sachs and Morgan Stanley into regulated commercial banks from brokerage houses could be a blessing in disguise.

That is because commercial banks are bigger spenders on IT than investment banks.


Commercial banks have a list of statutory provisions and compliance requirements to adhere to. This has been the highest spending areas for banks for the last couple of years.

So, Goldman Sachs and Morgan Stanley could bring more business to IT companies.

Tech firms, too, are harping on the now cliched argument that the current financial mess will provide an impetus to outsourcing as the BFSI majors are forced to cut costs and improve efficiencies.

Manoj Mohta, head of research, CRISIL puts up a brave front when he says that post US presidential elections and consolidation among the BFSI companies, the Indian IT industry should be back on track, in increasing its current market share of close to 12 per cent of total global offshore business.

EPS and PE rerating for TCS

Posted by : IT_Bulls

Global IT major Tata Consultancy Services (TCS) has provided its suite for tax revenue and licensing management to City of Tucson, Arizona.

TCS offers IT services to Pithampur Sangathan.

TCS wins Wall Street Journal Global innovation technology award.

Saab, TCS in tie-up for aviation centres.

TCS, others in fray for BSNL project.

TCS partners with Swedish aerospace company.

Ericsson selects TCS to handle internal IT operations.

US dollar is at 5 year high against Indian rupee.

At Rs 671, TCS trades at less than 10 times its FY09 estimates - possibly because of its poor performance in the June quarter.

EPS and PE rerating for TCS

Posted by : IT_Bulls

Global IT major Tata Consultancy Services (TCS) has provided its suite for tax revenue and licensing management to City of Tucson, Arizona.

TCS offers IT services to Pithampur Sangathan.

TCS wins Wall Street Journal Global innovation technology award.

Saab, TCS in tie-up for aviation centres.

TCS, others in fray for BSNL project.

TCS partners with Swedish aerospace company.

Ericsson selects TCS to handle internal IT operations.

US dollar is at 5 year high against Indian rupee.

At Rs 671, TCS trades at less than 10 times its FY09 estimates - possibly because of its poor performance in the June quarter.

EPS and PE rerating for TCS

Posted by : IT_Bulls

The silver liningThe conversion of Goldman Sachs and Morgan Stanley into regulated commercial banks from brokerage houses could be a blessing in disguise.

That is because commercial banks are bigger spenders on IT than investment banks.


Commercial banks have a list of statutory provisions and compliance requirements to adhere to. This has been the highest spending areas for banks for the last couple of years.

So, Goldman Sachs and Morgan Stanley could bring more business to IT companies.

Tech firms, too, are harping on the now cliched argument that the current financial mess will provide an impetus to outsourcing as the BFSI majors are forced to cut costs and improve efficiencies.

Manoj Mohta, head of research, CRISIL puts up a brave front when he says that post US presidential elections and consolidation among the BFSI companies, the Indian IT industry should be back on track, in increasing its current market share of close to 12 per cent of total global offshore business.

Ten cos in fray for BSNL’s Rs 4,000-cr pr

Posted by : my_money

As many as 10 IT majors including HCL, TCS, Tech Mahindra, Wipro, Infosys, Satyam and Prithvi Communications have put in their bids for the Rs 4000-crore project for providing billing and software solutions to State-owned Bharat Sanchar Nigam Ltd.

BSNL had invited bids for setting up operations support systems (OSS) and business support system (BSS) software. OSS and BSS solutions are designed to help service providers achieve superior customer service and rapid time to market for new products and services. The role of Business Support Systems in a service provider is to cover four main areas of product management, customer management, revenue management and order management. This also includes the billing software which tracks the duration of calls and the charges.

Aimed at expansion


This project is part of BSNL’s plans to expand its cellular network to offer services to 93 million more subscribers. The project has been divided into 4 zones and the lowest bidder in each area will be given the contract.

The company which wins the contract stands to earn Rs 1000 crore for each zone. HCL, Tech Mahindra and TCS have bid for all the four zones. The contract is expected to be awarded in 2 months.

While HCL and TCS are providing the billing solution to BSNL’s existing mobile network, Tech Mahindra is betting on its global expertise to win the contract.

The bids will be first evaluated by a technical committee before the financial details are unveiled. Global players including Comverse, Convergys, HP, EMC, Juniper and Oracle have partnered with the Indian IT companies to bid for the project.

Separate bids


This is the first time that BSNL has invited separate bids from IT solutions providers.

Earlier this part of the project was built into the overall GSM contract. For example in the previous contract Ericsson was given the mandate to integrate all part of a mobile network including base stations, hardware equipment and the software. This was done to make it easy for BSNL to negotiate with just one company for the entire project.

However, it had also led to some controversy since the companies which won the bid would eventually change the software solutions provider in a bid to maximise earnings.

Four parts


Therefore to steer clear of any more controversy this time, BSNL has divided its 93 million line expansion contract into four parts. Part 1 includes setting up network for GSM based 2G mobile services.

The second part involves rolling out third generation (3G) network.

The third segment will be awarded to companies which can set up the passive infrastructure including towers, power generation rooms and other basic equipment required for a cell site. BSNL has received good response for all the three parts.

The bidding for the fourth part related to software and billing took place on Tuesday for which the 10 companies have put in their bids. The bids will be evaluated at the zonal level instead of the earlier practice wherein the BSNL headquarters decided on these projects. Some of the companies expressed concern that BSNL may not have enough technical expertise at the zonal level to evaluate such a big project.

BSNL officials, however, said that it had enough telecom officers and they had handled similar projects earlier.

source: BL

EPS and PE rerating for TCS

Posted by : IT_Bulls

Last year when dollar was at Rs 40.50, full year EPS of TCS was Rs 53.

This year, assuming only 20 percent growth in dollar terms and dollar being at Rs 46, EPS should be Rs 71 to 73.

Factoring bad market conditions in US, it can actually turn out between Rs 67 to 69.

If a company grows 30 percent in rupee terms, it will get a P/E of 25. So, TCS can achieve a target of Rs 1700 - 1800.