TCS crosses Rs10000 crore market capitalization, overtakes Accenture

TCS crosses Rs10000 crore market capitalization, overtakes Accenture

Tata Consultancy Services Ltd (TCS) crosses the Rs10,000 crore market capitalisation milestone. It has overtaken Accenture Plc which has a market cap of Rs9,820 crore. With this, TCS now ranks 97th in the world’s 100 most valued organisations. TCS shares rose 2.65 on Monday to Rs3,496. TCS dollar revenue increased 3.9 to Rs497 crore billion in the quarter. The firm has increased its target price to Rs2,950 from Rs2,550 earlier. It expects revenue growth to accelerate from 6.7 in fiscal 2018 to 9.9 in FY19.


User: Mint

Views: 1

Uploaded: 2018-04-23

Duration: 01:20

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