Business Standard

Valuation concern clouds TCS' Q4 performance; stock falls over 4%

The IT services major on Monday posted Q4 numbers largely in line with or above analysts' estimates

Tata Consultancy Services, TCS
Premium

The company surprised on the margin front with an expansion of 20 basis points (bps) to 26.8 per cent, while the key highlight was the total contract val­ue (TCV) of $9.2 billion, its highest ever

Saloni Goel New Delhi
Tata Consultancy Services’ (TCS’) strong March quarter (Q4) performance failed to impress Dalal Street and the stock tanked over 5 per cent to hit an intra-day low of Rs 3,074.55 apiece on the BSE Sensex on Tuesday. It recouped some of the losses to end the day down 4.21 per cent at Rs 3,105, but was the worst-performing Sensex stock.

The IT services major on Monday posted Q4 numbers largely in line with or above analysts’ estimates. Helped by demand for core transformation services, market share gains, and ramp-up of two large deals, TCS reported a 14.9 per cent year-on-year (YoY)

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in