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studentoflife
Senior Member
Joined: 06/Mar/2009
Online Status: Offline
Posts: 313
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   Posted: 06/Apr/2012 at 5:35pm |
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With more focus given to the near shore model compared to the onsite offshore model for major accounts ...attrition rates might become unsustainable.Also the pay packets demanded at offshore will increase since the resources from 2 - 7 yrs will not get enough onsite opportunities.
Also big vendors like GE have put more focus on insourcing ...by sending orders to their captive units rather than outsourcing.These units pay hefty pay packets.
Also Accenture ,IBM and Cap gemini also now have fully mature and large offshore capabilities,which was not the case few years back.
So we cannot be sure.....TCS is not disclosing things which are beyond the obvious ,thus all investors can experience uncertainty in the future.
Also unethical practices such as pocketing employee tax refunds in USA does not provide a very comfortable feeling.
Where TCS seems to be ahead of the crowd is Indian projects and the Small and Medium scale (c l o u d computing)projects.
Edited by studentoflife - 06/Apr/2012 at 5:36pm
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First step towards learning is the realization that you do not know anything.
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ameydesai
Senior Member
Joined: 27/Nov/2010
Location: India
Online Status: Offline
Posts: 227
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Posted: 11/Apr/2012 at 7:10pm |
when is the earnings call for Q4?
What are the conference call details for TCS?
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Arise, Awake and Stop Not till the Goal is reached
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TCSer
Senior Member
Joined: 17/Mar/2008
Location: India
Online Status: Offline
Posts: 1882
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Posted: 11/Apr/2012 at 11:46am |
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Indian cos IMHO have still only scratched the surface of global IT requirement. The IT usage is increasing every passing day due to c****,mobility n social media,consumerization of IT.Its not a complex story rather a direct play on demographic dividend.No wonder warren Buffet for first time took a bet on IT by buying into IBM.Stay invested n enjoy the fruits.
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Share market is nothing but a game of temperament. Success mantra Right Price,Right Business,Patience, Conviction .Do not do panic buying or selling.It may be the only profession where inactivity pays
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studentoflife
Senior Member
Joined: 06/Mar/2009
Online Status: Offline
Posts: 313
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Posted: 12/Apr/2012 at 1:01pm |
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First step towards learning is the realization that you do not know anything.
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shontou
Senior Member
Joined: 04/Aug/2011
Location: India
Online Status: Offline
Posts: 865
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Posted: 24/Apr/2012 at 9:50pm |
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Conference Call
TCS
There is a much better visibility now than last quarter
TCS held a conference call to discuss the results for the Q4 FY12. N. Chandrasekaran, CEO and MD, S. Mahalingam, CFO, Phiroz Vandrevela, ED & Head, Global Corporate Affairs and Ajoy Mukherjee, VP & Head, Global HR addressed the call.
Revenues grew 2.3% q-o-q in constant currency during Q4 FY12. Rupee revenues growth of 0.4% came from volume growth of 3.3%, constant currency realization decline of 97bps and currency impact of negative 1.87%. FY13 revenue growth of 31% came from 23% volume growth, constant currency realization increase of 1.13%, currency impact of positive 7.99% and effort mix had negative impact of 1.17%.
Q4 EBIT decline of 155bps to 27.7% was due to currency (-71bps), productivity improvement (+36bps) and S, G&A (-120bps). FY12 EBIT decline of 44bps to 27.6% was due to currency (+218bps), productivity improvement (+133bps), wage hike (-289bps) and S, G&A (-106bps).
Europe declined due to strong Q2 and Q3 and will do well from here onwards.
BFSI was flat in Q4 but pipeline is good, 3 deals have been signed which are all annuity and revenues will grow from current levels.
Deal signing is good, deal pipeline is healthy and order book is good.
FY12 volumes grew 23% and pricing improved by 1.3%.
Employees have been given an average 8% hike across board in India, 6-8% in developing countries and developing markets and 2-4% average in developed markets. The company has paid 100% of variable pay.
On the demand outlook, US is looking better with projects coming and ramp ups happening.
Telecom is expected to be good in FY13.
The management continues to maintain margins aspiration at 27% at a currency assumption of 48.
There is a much better feel on visibility than last quarter.
Pricing is expected to be stable.
DSO improved by 1 day in dollar terms to 81 days in FY12.
Tax rate is expected to increase slightly in FY13 and decline thereafter.
Utilization levels are expected to improve.
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Every day, self-proclaimed stock market "experts" tell us why the market just went up or down, as if they really knew. So where were they yesterday?
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shontou
Senior Member
Joined: 04/Aug/2011
Location: India
Online Status: Offline
Posts: 865
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Posted: 13/Jul/2012 at 11:36pm |
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Conference Call
TCS
Deal pipeline is healthy and management continue to see opportunities
TCS held a conference call to discuss the results for the Q1 FY13. N. Chandrasekaran, CEO and MD, S. Mahalingam, CFO, Phiroz Vandrevela, ED & Head, Global Corporate Affairs and Ajoy Mukherjee, VP & Head, Global HR addressed the call.
Revenues grew 4% q-o-q in constant currency during the quarter. Rupee revenues growth of 12.1% came from volume growth of 5.34%, constant currency realization decline of 106bps and currency impact of positive 8.13% and effort mix had negative impact of 27bps.
EBIT decline of 20bps to 27.5% was due to currency (+276bps), wage increase (-200bps), productivity (-117bps), S, G&A (+18bps) and offshore shift (+3bps).
The management maintained its stance of growing above NASSCOM's estimate for FY13.
The management continues to see opportunities, there is no change in competition profile. Europe is seeing some good deal closures and similarly Telecom.
The management is seeing significant demand in new technologies like Mobility, Analytics, Social Media and c****.
Deal pipeline is healthy and closure rates are normal. 8 new deals were closed during the quarter of which 3 were from BFSI, 2 from retail and 1 each from Pharma, Media and Telecom and geography wise, 4 were from US, 1 each from UK, Continental Europe, APAC and MEA.
The company signed a $100 M+ contract with a leading North American retailer as its transformation partner.
Platforms business may cross $500 million in revenues.
Macro environment continues to the same as compared to last quarter and the clients have now adjusted themselves to this situation.
Pricing is expected to be stable and there is no risk.
India business has seen some volatility and delays.
DSO stood at 80 days in dollar terms.
Cash position stood at Rs 130.2 billion.
Hiring guidance of 50K for FY13 is unchanged.
Employees have been given an average 8% hike across board in India and 2-4% average in developed markets.
There is nothing specific to company on in-sourcing.
Insurance will do well for the rest of year as per pipeline.
Utilization levels are expected to improve and management endeavors to maintain it at 82-83% excluding trainees.
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Every day, self-proclaimed stock market "experts" tell us why the market just went up or down, as if they really knew. So where were they yesterday?
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ameydesai
Senior Member
Joined: 27/Nov/2010
Location: India
Online Status: Offline
Posts: 227
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Posted: 02/Oct/2012 at 1:55pm |
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is TCS worth buying just after infosys results?
my logic - they both fall after results and then TCS posts better results - thats how it has happened for last few quarters
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Arise, Awake and Stop Not till the Goal is reached
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Shiv R
Newbie
Joined: 13/Apr/2012
Location: India
Online Status: Offline
Posts: 33
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Posted: 16/Oct/2012 at 10:53am |
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Lets see how it goes tomorrow, as TCS will report it's Q2 results...
The stock is trending south since yesterday!
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