Infosys announced its Q1 FY25 results on Thursday, July 18, 2024. The Infosys stock price spiked 9.7% from July 12 to July 19, one day after TCS announced its results. Management revised revenue growth projections to 3%-4% from the earlier estimates. Key Highlights from the Company Fact Sheet for the Quarter Ended June 30, 2024:…
One day after TCS announced its results, TCS stock rose by 6.59%, and the broader Nifty IT index grew by 4.53%. India’s largest English-language business and finance news channel highlighted this with the message: “Good Q1 for IT bellwether TCS.” In this commentary, we remove all the froth and focus on data. Let’s dive deep…
The Q4 and FY results season for Indian IT companies is around the corner. Will it be a hit or miss? Do Accenture results announced a fortnight earlier provide any guidance? In this edition, let’s delve into some intriguing data points. Accenture reported its second-quarter fiscal 2024 results on March 21, 2024. What caught investors…
Accenture announced its Third Quarter Fiscal 2024 Financial Results on 20 June 2024. Traditionally its results set the tone for what to expect from other IT companies. Here are a few highlights and interpretations from the announcements. Highlights: Revenues: Revenues stood at $16.5 billion, an uptick from the previous quarter. Assuming a 2.5% full-year revenue…
Press releases serve as potent tools for companies to strategically position themselves within their target markets, captivating prospective customers, talent, and investors. By disseminating key messages, companies effectively spotlight strengths, achievements, and offerings, bolstering brand visibility, credibility, and investor interest. This commentary scrutinizes press releases issued by publicly listed top IT companies – Infosys, TCS,…
In this edition, we delve into the financial performances of leading India-based IT services firms for Q4 and the entire FY24, building upon our previous analysis titled Accenture Earnings and Indian IT Service Companies revenues – A trend in play? There are similarities and a mixed bag too. The below narrative highlights and builds on…