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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Tata Consultancy Services    TCS   INE467B01029

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Tata Consultancy Services : Profit Fell 5.8% Last Quarter

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07/13/2017 | 02:12pm CET
   By Newley Purnell 
 

NEW DELHI--Tata Consultancy Services Ltd., India's largest outsourcer by revenue, on Thursday reported a 5.8% drop in net profit amid a changing technology landscape that is forcing a shift in its services.

Mumbai-based TCS said profit in the three months ended June 30 stood at 59.5 billion rupees ($923 million), compared with 63.17 billion rupees a year earlier.

That was lower than the 61.73 billion rupees projected by analysts surveyed by Thomson Reuters. Revenue grew 1% from a year earlier to 295.84 billion rupees.

TCS has "retooled" itself to "remain relevant to customers and have introduced new service lines," Chief Executive Officer Rajesh Gopinathan said in a statement.

The company and its competitors are trying to move away from a business model based largely on using inexpensive labor to write custom code and manage databases. TCS said revenue from digital services, which refer to technologies like cloud computing and big data analytics, rose 26% from a year ago.

Write to Newley Purnell at [email protected]

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Financials ( INR)
Sales 2018 1 226 B
EBIT 2018 304 B
Net income 2018 258 B
Finance 2018 259 B
Yield 2018 1,98%
P/E ratio 2018 20,56
P/E ratio 2019 18,57
EV / Sales 2018 4,08x
EV / Sales 2019 3,64x
Capitalization 5 257 B
Chart TATA CONSULTANCY SERVICES
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Tata Consultancy Services Technical Analysis Chart | TCS | INE467B01029 | 4-Traders
Technical analysis trends TATA CONSULTANCY SERVICES
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 46
Average target price 2 714  INR
Spread / Average Target -1,2%
EPS Revisions
Managers
NameTitle
Rajesh Gopinathan Chief Executive Officer, MD & Executive Director
Natarajan Chandrasekaran Non-Executive Chairman
N. Ganapathy Subramaniam Chief Operating Officer & Executive Director
V. Ramakrishnan Chief Financial Officer
K. Ananth Krishnan Head-Research & Development
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