TCS-Q3
Positives
-Revenue crosses $7Bn mark, $ and CC revenue above est
-Margins +50bp qoq as supply side pressure abates
-Announces total div of Rs.75
-Attrition drops after 6 quarters of uptick to 21.3%
-Mgmt says to exit FY23 with 25% margin
#TCS #Nifty #StockMarket
Positives
-Revenue crosses $7Bn mark, $ and CC revenue above est
-Margins +50bp qoq as supply side pressure abates
-Announces total div of Rs.75
-Attrition drops after 6 quarters of uptick to 21.3%
-Mgmt says to exit FY23 with 25% margin
#TCS #Nifty #StockMarket
Negatives
-TCV slightly weak at $7.8bn Vs $8.1bn
-Net headcount addition of -2,197 Vs 9840 in Q2
Stock -12.5% last 1 year, trades at 25x on FY24e earnings
-TCV slightly weak at $7.8bn Vs $8.1bn
-Net headcount addition of -2,197 Vs 9840 in Q2
Stock -12.5% last 1 year, trades at 25x on FY24e earnings
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