TDCX INC Reports Q3 Earnings Results for FY2023, Ending November 21 2023

🌥️Earnings Overview

TDCX INC ($NYSE:TDCX) reported their fiscal year 2023 Q3 earnings results on September 30 2023, with total revenue for the quarter at SGD 163.5 million, a decrease of 5.4% from the same period last year. Net income for the quarter was SGD 31.6 million, a 2.4% year-over-year increase.

Market Price

On Tuesday, TDCX INC reported their third quarter earnings results for the fiscal year 2023, ending November 21 2023. The company’s stock opened at $4.9 and closed at $5.0, representing an increase of 4.2% from the previous closing price of 4.8. This is a positive sign for investor confidence in the company, which is reflected in the surge of their stock price. These results suggest that TDCX INC is continuing to see positive growth in their financials despite the economic uncertainties of the current environment.

In order to reach this target, the company will need to continue to provide high-quality services and products in order to meet customer demand. With their strong third quarter performance, it appears that TDCX INC is on track to achieve this goal. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Tdcx Inc. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Tdcx Inc. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Tdcx Inc. More…

Key Ratios Snapshot

Some of the financial key ratios for Tdcx Inc are shown below. More…

Analysis

As GoodWhale, we have conducted a thorough analysis of TDCX INC‘s financials. According to the Star Chart, TDCX INC is strong in asset, growth, and medium in profitability and weak in dividends. When looking at the health score, TDCX INC has a high score of 10/10 with regard to cashflows and debt, meaning the company has the capability to pay off its debt and fund future operations. Moreover, as TDCX INC is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth, it may be an attractive investment for certain types of investors. For example, those with medium risk tolerance such as value investors or growth investors may find the moderate revenue or earnings growth of TDCX INC attractive. In addition, those investors seeking a good return on their investment would likely be interested in TDCX INC due to its strong asset and growth as well as its high health score. More…

Peers

The competition between TDCX Inc and its competitors – Hinduja Global Solutions Ltd, Project Co Inc, and Teleperformance SE – is fierce. All companies are continually striving to provide superior customer service, cutting-edge technology, and innovative solutions to their customers. Each company is continuously looking for ways to outdo the other and gain an advantage in the marketplace.

– Hinduja Global Solutions Ltd ($BSE:532859)

Hinduja Global Solutions Ltd (HGS) is a leading provider of integrated business process management services, including customer care, technical support, analytics and digital transformation. Its market cap of 56.87B as of 2023 indicates the size and scale of the company and its operations. Its Return on Equity (ROE) of 2.85% is indicative of its profit making capability with respect to the invested capital. HGS is considered a leader in its field, providing services to some of the largest companies in the world.

– Project Co Inc ($TSE:9246)

Project Co Inc is a leading provider of innovative solutions, products, and services. With a market capitalization of 28.28B and a return on equity of 20.99%, the company is well-positioned to continue to provide cutting-edge products and services to its growing customer base. The company’s market cap reflects the confidence that investors have in the strength of the company and its future prospects. The company’s return on equity reflects the efficiency with which the company has been able to generate returns on its investments. This is further evidence of the company’s financial health, and ability to generate profits for its shareholders.

– Teleperformance SE ($OTCPK:TLPFY)

Teleperformance SE is a leading global provider of customer experience management and business process outsourcing services. The company has a market capitalization of 13.83 billion dollars as of 2023, reflecting its strong performance in the industry. Additionally, Teleperformance SE has a Return on Equity (ROE) of 17.15%, signifying that the company is able to generate high returns on its invested capital, and is thus able to attract investors and maintain its market capitalization. The company has achieved this strong performance by providing customers with tailored solutions and excellent customer service, allowing them to deliver superior customer experiences. By continuing to build on its strengths and focus on providing the best customer experience possible, Teleperformance SE can ensure its sustained success in the industry.

Summary

The investment analysis for TDCX INC shows a positive outlook for investors. In the third quarter of 2023, the company reported total revenue of 163.5 million SGD, a decrease of 5.4% compared to the same period last year. Despite the decrease in revenue, net income was reported to be 31.6 million SGD which represented an increase of 2.4% year-over-year. This increase in net income reflects potential growth opportunities in the future and is seen as a positive sign for investors.

The stock price moved up the same day indicating that investors were optimistic about the company’s performance and outlook. Overall, TDCX INC is a promising investment opportunity and is one to watch closely.