Motilal Oswal: TCS’ Management Discussion Suggests Multi-Year Tailwinds From Cloud

Motilal Oswal: TCS’ Management Discussion Suggests Multi-Year Tailwinds From Cloud

An assembly area sign stands at the Tata Consultancy Services Ltd. (TCS) campus in the SIPCOT IT Park in Chennai. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

We interacted with Tata Consultancy Services Ltd.’s senior leadership during a sell side event on December 11, 2020 during which they shared their perspective on the multi-year opportunity on account of a broader Cloud adoption.

Here are the key highlights from the meet:

As per the management, the IT Services industry is seeing significant traction from Cloud adoption across all industries. This echoed the outlook shared by industry peers over the last one month.

The shift to the Cloud has accelerated due to the impact on businesses from the Covid-19 lockdown, which has convinced clients on the need and security associated with Cloud.

Click on the attachment to read the full report:

Motilal Oswal TCS Company Update.pdf
Read Document

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.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES