TCS Posts Third Consecutive Quarter Of All-Round Performance In Q4: IDBI Capital
Tata Consultancy Services building (image: Company PR)

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:

IDBI Capital TCS Q4 Results Review .pdf


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