TCS Q3 Results Review - Inline; Concerns Regarding Near Term Demand Environment: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.Tata Consultancy Services Ltd. reported broadly inline quarterly performance. It reported U.S. dollar revenue growth of 2.9% QoQ. However, the depreciation of Indian rupee versus U.S. dollar by around 2.9% QoQ supported the Indian rupee reported growth. The revenue growth was led by strong performance in retail and consumer packaged goods vertical(up 18.7% YoY). There was sequential improvement in Ebit margin(up 52 basis points QoQ) led by improving employee pyramid and other efficiency measures. Employee attrition remained high as last twelve months attrition declined by 20 bps QoQ to 21.3%. The long term demand story remains intact led by cloud adoption and data analytics across enterprises. However, there are definite signs of slowdown in deal conversion cycle on account of economic growth concerns in the U.S. and Europe. TCS' operating margin is expected to improve in near term led by improving employee pyramid and better utilization. .Click on the attachment to read the full report:.More Research Reports On TCS Q3 Results Review.Good Growth, Deal Wins To Drive Performance: Motilal OswalGrowth Normalisation Ahead: HDFC SecuritiesIn A Sweet Spot To Maneuver Macros: IDBI Capital Mixed Results; Rising Near Term Uncertainty: Dolat Capital.DISCLAIMERThis report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TCS Q3 Results Review - Inline; Concerns Regarding Near Term Demand Environment: Yes Securities

The long term demand story remains intact led by cloud adoption and data analytics across enterprises.

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