External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>In Q3FY24, Tata Consultancy Services Ltd. (TCS) reported revenue of Rs 60,583 Cr, up only 1.5% on a QoQ basis (in rupee terms), owing to weakness in discretionary spending.</li><li>On a YoY basis, it posted revenue growth of 4%. The company reported operating profits of Rs 15,155 Cr and operating margins of 25%, up 70bps QoQ.</li><li>This was on account of better execution, strong volume growth, and reduced sub-con cost. Attrition levels dropped by 160bps to 13.3%, but it continues to loom concerns over the company’s execution efficiency in the future.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In Q3FY24, Tata Consultancy Services Ltd. (TCS) reported revenue of Rs 60,583 Cr, up only 1.5% on a QoQ basis (in rupee terms), owing to weakness in discretionary spending.On a YoY basis, it posted revenue growth of 4%. The company reported operating profits of Rs 15,155 Cr and operating margins of 25%, up 70bps QoQ.This was on account of better execution, strong volume growth, and reduced sub-con cost. Attrition levels dropped by 160bps to 13.3%, but it continues to loom concerns over the company’s execution efficiency in the future.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tata Consultancy Services - Beat On All Fronts; Demonstrated Superior Execution

Tata Consultancy Svcs

Tata Consultancy Services - Beat On All Fronts; Demonstrated Superior Execution