The company offers a range of IT services outsourcing and business solutions. They also offer IT infrastructure services, business process outsourcing services, engineering and industrial services, global consulting and asset leveraged solutions.
TCS Board approved the buyback of 1.99% of paid-up equity (~76m shares) at INR2,100, implying total return of INR160b (following a special resolution through a postal ballot). The buyback is proposed to be made under the tender offer route.
Tata Consultancy Services has delivered largely an in-line performance in 1QFY18 with its USD revenue growing by 3.1% QoQ (+2% QoQ in CC terms). While volume grew by 3.5% QoQ, CC pricing declined by 1.5% QoQ...
TCS has moderated substantially on the valuation front over the past few quarters. TCS trades at 17x one‐year forward earnings (v/s 18.4/19.9x traded one year and two years ago respectively). TCS currently trades at 17% premium to Infosys on one year forward P/E basis
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