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.
ICICI Direct Report
Tata Consultancy Services Ltd. revenue growth was across geographies and verticals led by a ramp up of deal wins and transformational opportunities.
U.S. dollar revenues grew 5.0% QoQ to $5,987.0 million versus our estimate of 5.0% QoQ growth and $5,987.1 million estimate.
Ebit margins expanded 20 basis points QoQ to 26.8%.
The company has declared an interim dividend of Rs 15 per share.
One of the key highlights was that the company’s deal pipeline continues to be healthy at $9.2 billion.
The company aspires to register double digit revenue growth in FY22E.
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