TCS Q3 Review - Confident Of Double-Digit Revenue Growth In FY22: IDBI Capital
Tata Consultancy Services Building (Source: Company PR)

TCS Q3 Review - Confident Of Double-Digit Revenue Growth In FY22: IDBI Capital

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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 second consecutive stellar performance in Q3 FY21 with a beat across the board versus our forecast.

Revenue grew by 4.1% in constant currency terms (best QoQ growth in Q3 in nine years) and Ebit margin saw an improvement of 40 basis points QoQ to 26.6% (a 20 quarter high).

Earning per share of Rs 23.2 grew by up 5.4%/up 7.2% QoQ/YoY.

In Q3 FY21, TCS has secured deals with a total contract value of 6.8 billion U.S. dollar (excluding the Postbank Systems deal).

The company has maintained its positive outlook and is confident of achieving double-digit YoY revenue growth in CC for FY22.

Click on the attachment to read the full report:

IDBI Capital TCS Q3 Result Review.pdf

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