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Prabhudas Lilladher Report
Tata Consultancy Services Ltd. reported revenue of $5,989 million, up 5% QoQ in U.S. dollar, exact in-line with our expectations.
Almost all sectors had strong sequential growth led by banking financial services and insurance (up 8.1 QoQ U.S.dollar, retail and consumer packaged goods (up 5% QoQ), life sciences and healthcare (up 4% QoQ) and manufacturing (up 5% QoQ).
Both captive takeover deals won in Q3 in BFSI vertical (Postbank systems and Prudential Financial) are fully ramped up in Q4.
FY21 revenue came at $22.17 billion, up 0.7% U.S. dollar YoY.
Deal total contract value of $9.2 billion was highest ever for a quarter, up 3% YoY.
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