
TCS-led consortium bags ₹15,000 cr 4G network order from BSNL
Private telecom operators held a 90.63% market share in February whereas BSNL and MTNL, the two PSU service providers, had a market share of only 9.37%.
Private telecom operators held a 90.63% market share in February whereas BSNL and MTNL, the two PSU service providers, had a market share of only 9.37%.
Most analysts have kept ratings unchanged on TCS post Q4 results; the IT heavyweight has an average target of ₹3,694, an upside of 16% from the current market price.
The IT giant announced a final dividend of ₹24 per share.
Axis Securities expects TCS to report revenue growth of 2.5% QoQ, while its operating margins are likely to expand by 97 bps in Q4FY23.
The TCS board has nominated K. Krithivasan as the CEO designate with effect from March 16, 2023.
Phoenix Group acquired U.K.-based life insurer ReAssure in 2020. Phoenix Group now eyes to digitally transform its ReAssure biz using the TCS’ BaNCS-based platform.
The IT heavyweight has reported 10.98% YoY rise in its consolidated net profit at ₹10,883 crore, while consolidated revenue from operations jumped 19.11% YoY to ₹58,229 crore.
Tata Consultancy Services reports net profit of ₹10,883 crore for Q3, up 11% year-on-year.
The IT heavyweight is likely to report moderate growth in the top and bottom line, while margins are expected to improve due to ease in supply side pressure.
Central banks will be able to manage the issuance and distribution of CBDCs, says TCS.