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Tata Consultancy Services
EPS and PE rerating for TCS
Posted by :
IT_BullsTracked by: 1 Boarder
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.
...
In reply to:
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.
EPS and PE rerating for TCS
Posted by : IT_BullsTracked by: 1 Boarder
TCS reviews hiring, to add jobs.
Ramadorai said the report of a hiring freeze was untrue.
The company said it plans to grow and add thousands of new jobs this year....
In reply to:
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.
Bonus/buyback required for tcs to stop fall
Posted by : marketmanTracked by: 0 Boarder
It is a cash rich company,should do something infavour of investors.... growth via acquisitions in IT sector may not be healthy always.... they should be selective in acquiring companies and should search with many magnified glases.... otherwise the core business itself gets disturbed.......
In reply to:
Bonus/buyback required for tcs to stop fall
Posted by : my_money
Dear Marketman,
this may not be the right time for bonus / buyback for TCS. It will have to go for acquisition for growth... Organic growth will be very limited now onwards...
however, if it presents a good result in this quarter due to earlier big deals and increase in utilisation rate, it`s price may move up ...
regards,
Bonus/buyback required for tcs to stop fall
Posted by : my_moneyTracked by: 0 Boarder
Dear Marketman,
this may not be the right time for bonus / buyback for TCS. It will have to go for acquisition for growth... Organic growth will be very limited now onwards...
however, if it presents a good result in this quarter due to earlier big deals and increase in utilisation rate, it`s price may move up ...
regards,...
In reply to:
Bonus/buyback required for tcs to stop fall
Posted by : marketman
The indian software major looking very weak in recent days.... this management too will have to take appropriate decision to save its investors from the present turmoil.... bonus/buyback annoucemnet required to arrest the fall in the counter....
Bonus/buyback required for tcs to stop fall
Posted by : marketmanTracked by: 0 Boarder
The indian software major looking very weak in recent days.... this management too will have to take appropriate decision to save its investors from the present turmoil.... bonus/buyback annoucemnet required to arrest the fall in the counter.......
EPS and PE rerating for TCS
Posted by : IT_BullsTracked by: 1 Boarder
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.
...
In reply to:
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.
EPS and PE rerating for TCS
Posted by : vkk43Tracked by: 1 Boarder
I do also feel so....
In reply to:
EPS and PE rerating for TCS
Posted by : my_money
Dear IT_Bulls,
TCS has become lucrative for the long term investor. Many more are waiting to see their 2Q result, which will be positive I assume.
All the best!!
Rgds,
EPS and PE rerating for TCS
Posted by : my_moneyTracked by: 1 Boarder
Dear IT_Bulls,
TCS has become lucrative for the long term investor. Many more are waiting to see their 2Q result, which will be positive I assume.
All the best!!
Rgds,...
In reply to:
EPS and PE rerating for TCS
Posted by : IT_Bulls
The rupee weakened to its lowest in more than five years, weighed down by a stronger dollar overseas.
"We believe that the rupee has potential to depreciate further towards 48 ... in the near term if the dollar cash shortage continues to persist," economists Indranil Pan and Kaushik Das at Kotak Mahindra Bank wrote in a note this week.
multibaggerstockadvisor.blogspot. com
Posted by : GuestTracked by: 0 Boarder
how shall we trade in technology counter could be availed from the title of this message and that is the right way to trade in...
EPS and PE rerating for TCS
Posted by : IT_BullsTracked by: 1 Boarder
The rupee weakened to its lowest in more than five years, weighed down by a stronger dollar overseas.
"We believe that the rupee has potential to depreciate further towards 48 ... in the near term if the dollar cash shortage continues to persist," economists Indranil Pan and Kaushik Das at Kotak Mahindra Bank wrote in a note this week. ...
In reply to:
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.
EPS and PE rerating for TCS
Posted by : IT_BullsTracked by: 1 Boarder
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.
...
In reply to:
EPS and PE rerating for TCS
Posted by : IT_Bulls
Lata Venkatesh on CNBC TV 18 says that the demand for dollar is very high for purchase of crude at 95 dollars. Dollar may go upto Rs 55 levels soon and 47 is the support for now.
TCS results
Posted by : GuestTracked by: 0 Boarder
Any idea when the TCS Q2 results are to be announced ?...
Ten cos in fray for BSNL’s Rs 4,000-cr pr
Posted by : my_moneyTracked by: 0 Boarder
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...
NSE Announcements on TCS
Posted by : MMB MessengerTracked by: 0 Boarder
Tata Consultancy Services Limited has informed the Exchange that: " ICRA has assigned an LAAA (pronounced L triple A) rating to the Rs 10 billion Long Term Bank Limits to TATA Consultancy Services (TCS). The rating indicates highest credit quality and lowest credit risk in the long term. ICRA has also assigned an A1+ (pronounced A one plus) rating to the Rs. 10 billion Short Term Bank Limits of TCS indicating highest credit quality rating in the short term. The plus sign indicates that the relative safety is higher than in A1 rating. Further details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)....
BSE Announcements on TCS
Posted by : MMB MessengerTracked by: 0 Boarder
Tata Consultancy Services Ltd (TCS) has informed BSE that ICRA has assigned an LAAA (pronounced L triple A) rating to the Rs 10 billion Long Term Bank Limits of TATA Consultancy Services (TCS). The rating indicates highest-credit-quality and lowest credit risk in the long term. ICRA has also assigned an A1+ (pronounced A one plus) rating to the Rs 10 billion Short Term Bank Limits of TCS indicating highest-credit-quality rating in the short term. The plus sign indicates that the relative safety is higher than in A1 rating....
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