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