Tata Consultancy Services (TCS) (Q1FY24)
Stock Performance: Tata Consultancy Services stock price increased by 11.11% in the past 1-year. The stock has a 52-week high of ₹ 3,575 and its 52-week low is ₹2,926.10. The stock price showed a sideways trend in the past 3-month period and gave ~5% returns due to a slowdown in IT spending and weak growth in Western markets. As of 14 Sep, the stock has given approximately 5% returns following the announcement of the TCS-NVIDIA collaboration.
Q1FY24 Performance: The company reported revenue of ₹591.81bn for the quarter, an increase of 12.6% Y/Y and 7% in constant currency. Order book TCV at $10.2bn; North America TCV at $5.2bn; BFSI TCV at $3bn.
The operating margin came at 23%, flat as compared to Q1FY24. Net income margin in Q1 was 19% when compared to 18% in Q1FY23. Net Cash from Operations at ₹11,3530mn i.e. 102.5% of Net Income. Net headcount addition of 523, Workforce strength: 615,318.
TCS announced ₹ 9/ share as an interim dividend.
The TCS-NVIDIA partnership is a major collaboration between two of the world’s leading technology companies. The partnership will focus on developing and delivering AI computing infrastructure and platforms for developing AI solutions. The companies will also work together to build an AI supercomputer powered by the next-generation NVIDIA® GH200 Grace Hopper Superchip.
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– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Discounted Cash Flow Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum
Actual & Historical Performance
– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals
– Price Performance
Stock Price Performance
No of Pages: 36
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