TCS Q4 2024 Results: What Can We Anticipate? To Declare Dividend, IT Major? Look Here

Following the AI boom, there were global layoffs in the IT sector. Experts anticipated that the industry would fare poorly. Accenture reduced their growth forecast for FY24, while TCS, a significant player in Indian IT, is anticipated to release its Q4 earnings on Friday, April 12, 2024.

Because of the contract victory in Europe, TCS is anticipated to do better than other IT businesses. Deal bookings are anticipated to be robust for TCS (USD 10bn+ TCV) and stable for the others, according to a report from HDFC Securities. The brokerage also said that TCS would lead industry growth at 1.3%. These developments were reported by Zee Business.

Let’s Look At What Brokerage Firms Have To Say About TCS Q4 Results 2024, Per Zee Business

Axis Securities anticipated that, with the furloughs reversed and transactions ramping up, the IT giant would post growth of 2.3% during the period under review. It also said that margins might increase by 72 basis points as a result of subcontracting expenses.

IDBI Capital anticipates a 1% increase in revenue in constant currency (CC) terms for the quarter ending in March, along with a 40 basis point benefit from cross-currency. With increased utilization and fewer furlough events, it predicted that the EBIT margin would increase by 52 basis points over time.

Growth divergence within the industry, guidance, and a selective attitude on the industry—prefer TCS inside Tier-I—were all maintained by HDFC Securities. With gains of almost 13%, the brokerage has recommended an “add” call with a target price of Rs 4450.

News about TCS dividends:
The board of Tata Consultancy Services (TCS) is expected to convene tomorrow, April 12, to deliberate on a concluding dividend for the fiscal year that ends on March 31, 2024. “Recommend a final dividend, if any, on the equity shares of the Company for the financial year ending March 31, 2024, for the approval of the shareholders at the ensuing 29th Annual General Meeting,” the company said in a March 29 regulatory filing.

History of dividends for TCS
According to research site Trendlyne, TCS has issued 83 dividends since October 28, 2004. In the previous year, TCS had announced an equity dividend of Rs 69 per share. TCS has a 1.73 percent dividend yield at the present rate.