TCS Q1 Review - Headline Miss, Strong Internals, Outlook: Prabhudas Lilladher
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.
Prabhudas Lilladher Report
Tata Consultancy Services Ltd.'s revenue grew by up 2.7% QoQ in U.S. dollar (our estimate: 3.6%, consensus: 3.5%) led by strong growth in core verticals and markets (up 4.1% QoQ constant currency), offset by decline in India business due to impact of second wave of Covid-19.
Revenue lost (~Rs 3.5 billion) in India business is expected to come back in coming quarters as Covid-19 situation improves.
Almost all sectors had healthy sequential growth led by banking financial services and insurance (up 3.1 QoQ CC), retail and consumer packaged goods (up 4.4% QoQ CC), life sciences and healthcare (up 7.3% QoQ CC) and tech services (up 5% QoQ CC).
Click on the attachment to read the full report:
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 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.