The Suite includes ready-to-deploy, automotive-specific and industry- and cloud-agnostic solutions, digital frameworks, custom solutions, accelerators, and use cases, a TCS statement said.
There’s not much client spending on the metaverse and Web3 right now, though the technology provides immense possibilities and opportunities.
IT majors Tata Consultancy Services (TCS) and Infosys were the other two bluechips which faced erosion from their valuation.
High levels of attrition, increasing travel costs, and fears of a recession that’s affecting demand for IT services are putting pressure on margins of tech companies.
A TCS statement said that variable pay is paid either in month one or two, and that there is no delay in this process.
The employees were to receive their variable pay along with July’s salary, which will has be paid with August salary
Dr Lal PathLabs witnessed an ascending triangle pattern breakout on July 29 which was placed above Rs 2,250 levels in the daily time frame. After breakout, prices are showing a gradual upside movement in a small steep formation.
TCS, Infosys, Wipro and HCL added 60 clients in the $1 million plus revenue band in Q1FY23, down from 91 clients added in the same band in Q1FY22
LTI witnessed a net new deal TCV of $79 million in Q1FY23, which remains flat as in Q4FY22, where the company reported $80 million worth of new deal TCV.
Prabhudas Lilladher recommended accumulate rating on Tata Consultancy Services with a target price of Rs 3607 in its research report dated July 10, 2022.
The NSE Nifty 50 index ended flat at 16,216, while the S&P BSE Sensex fell 0.16% to 54,395.23. The indexes had fallen about 0.7% earlier in the session.
Arihant Capital recommended accumulate rating on Tata Consultancy Services with a target price of Rs 3720 in its research report dated July 11, 2022.
ICICI Direct is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 3785 in its research report dated July 11, 2022.
Sharekhan is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 3650 in its research report dated July 08, 2022.
While the Business Transformation Group grew 5.6 percent in the first quarter, Relationship Incubation Group reported over 5 percent growth and the Enterprise Group grew by 17 percent YoY
In terms of deal wins, the IT services major saw a decline from last quarter -- from $11.3 billion to $8.2 billion. It added nine new clients to the $100 mn-plus band YoY and 19 clients to the $50 mn-plus band.
The company’s headcount as of June 30 is 6,06,331, up from 5.92 lakh employees last quarter.
Revenue from operations of the company during the quarter came in at Rs 52,758 crore
Kotak expects Infosys to maintain full year revenue growth guidance at 12-14 percent in constant currency terms and the EBIT margin band at 21-23 percent.
Sharekhan is bullish on Tata Consultancy Services has recommended buy rating on the stock with a target price of Rs 3800 in its research report dated June 16, 2022.
The 27th Annual General Meeting of the TCS was conducted through video-conferencing. Shareholders from different cities interacted with the management.
Experts largely hope the index to remain in a broad range of 15,700-16,400 levels but if it decisively surpasses the upper band of the range, then there could be a possibility of the index moving towards 16,600-16,800 levels in the coming days
The market valuation of Reliance Industries tumbled Rs 1,30,627.7 crore to reach Rs 16,42,568.98 crore.