TCS Posts Third Consecutive Quarter Of All-Round Performance In Q4: IDBI Capital

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..IDBI Capital Report.Tata Consultancy Services Ltd. reported a third consecutive quarter of all-round performance in Q4 FY21.Revenue grew by 4.2% QoQ in constant currency (third consecutive quarter of 4% plus QoQ growth), higher than our forecast of up 3%.However, Ebit margin improvement of ~20 basis points QoQ to 26.8% was slightly lower than our forecast of 27.3%.In Q4 FY21, the company has secured deals with an all-time high total contract value of $9.2 billion taking the FY21 TCV to $31.6 billion, up 17% YoY.The company has maintained its positive outlook and is confident of achieving a double-digit YoY revenue growth in CC for FY22..Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

TCS Posts Third Consecutive Quarter Of All-Round Performance In Q4: IDBI Capital

TCS Posts Third Consecutive Quarter Of All-Round Performance In Q4: IDBI Capital

Choose a plan