Thursday, July 15, 2010

TCS Q1 2011 results: Enjoy live webcast of the press conference

Tata Consultancy Services (TCS), one of the top IT firms in India, is going to publish its first quarter financial results of FY2010-2011, on July 15, 2010. Interested people can live stream the Q1 2010-11 Financial Results Press Conference. To enjoy live streaming visit the official website of TCS:

Angel Broking which has been maintaining a “buy” rating on TCS stocks, is expecting that the company, on a quarter-over-quarter basis, would announce a 6% decline in profit at Rs.18,090 million due to lower profitability and higher tax rate.

In terms of revenue, a 2 percent rise is expected quarter-over-quarter basis to Rs.78,900 million.

The company’s EBITDA is expected to decline by 190 bps due to salary increase and manpower intake and improved business environment.

Established in 1968, Tata Consultancy Services is a pioneer in the field of IT outsourcing and management industry. It is software services and consulting company. Headquartered in Mumbai, TCS is the largest provider of IT and BPO services in Asia. It is listed on both NSE and BSE in India.

TCS is a flagship subsidiary of Tata Group, one of the largest and oldest business houses in India. The group’s field of interest includes energy, telecommunications, financial services, manufacturing, chemicals, engineering, materials, government and healthcare.

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