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Axis Securities Report
Tata Consultancy Services Ltd. reported robust deal wins of $34.6 billion in FY22, spread across verticals and geographies with an impressive book-to-bill ratio of 1.3.
The company demonstrated its strong execution capabilities, aided mainly by its superior ability to manage attrition, ramp up in the projects won in the previous quarters, and the market share gains.
TCS continues to invest in employee addition to ramp up the new deals it has won in the previous quarters as well as to deliver projects on the promised timelines. We believe this will enable the company to achieve sustainable growth in the long run.
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