TCS Q4 Results LIVE: Operating Margin at 26.0%; YoY expansion of 150 bps

TCS Q4 Results LIVE: The IT services major announced its Q4 FY24 financial results today (April 12). 

TCS Q4 Results LIVE: Tata Consultancy Services (TCS) began the earnings season for tech companies as the TCS Q4 results have been announced today (April 12).  TCS shares ahead of TCS Q4 Results: Shares of TCS were trading almost flat at ₹3,983.30 apiece on BSE today. The stock has risen 4.5 per cent so far this year, matching Nifty 50 returns over the same period. It has outpaced the Nifty IT index that has dropped 0.6 percent year

TCS Q4 Results LIVE: Nirmal Bang Institutional Equities said, “We expect TCS to report 1.0% revenue growth QoQ in CC terms, backed by strong order inflow of the last 12 months. The headwind will likely be continued compression in the existing book of business (albeit much less than in earlier quarters).”

TCS Q4 Results LIVE: BNP Paribas said ahead of TCS Q4 earnings, “We expect USD revenue growth of +1.3% q-q (+1.1% q-q in CC) on reversal of furloughs and incremental contribution from the BSNL and other deals. We model a 24 bps sequential increase in EBIT margin on account of operating efficiencies.”

TCS Q4 Results LIVE: Motilal Oswal Financial Services said in its note, “The growth is expected to be good at 2.2% QoQ CC, led by deal scale up, including the large BSNL deal. EBIT margin is expected to be stable, as operational improvements should be compensated by low margins in the India business.”

TCS Q4 Results LIVE: JM Financial said, “We expect c/c revenue growth of 1% with 30bps cross currency tailwinds translating into 1.3% QoQ USD revenue growth.”

JM Financial said that it expects ~20bps expansion in EBIT margin to 25.2% led better utilisation and lower sub-con expenses and offsetting lower margins from BSNL deal.