BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Tata Consultancy Services Ltd. has reported a growth of 4.8% (QoQ, constant currency terms) driven by stronger-than-expected comeback in two key verticals – banking financial services and insurance (up 6.2%) and retail and consumer packaged goods (up 9%).
While Europe (up 6.1%) stole the show, growth across other two key geographies (U.S. up 3.6%, UK: 3.8%) was also strong - margins surprised positively driven by – 1. utilisation increase, 2. rationalisation of miscellaneous expenses and 3. currency neutrality.
Deal wins (6.1 billion U.S. dollar, ex-Phoenix Standard Life) came in tad lower than expectations.
Quantum of the buyback (Rs 160 billion) was lower than street expectations.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
