TCS Q4 Review - Best Placed, Composition Of TCV Is Positive: Prabhudas Lilladher
An employee walks past a signage for Tata Consultancy Services Ltd. (TCS) at the company’s Synergy Park campus in Hyderabad, India. (Photographer: Namas Bhojani/Bloomberg)

TCS Q4 Review - Best Placed, Composition Of TCV Is Positive: 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. reported revenue of $5,989 million, up 5% QoQ in U.S. dollar, exact in-line with our expectations.

Almost all sectors had strong sequential growth led by banking financial services and insurance (up 8.1 QoQ U.S.dollar, retail and consumer packaged goods (up 5% QoQ), life sciences and healthcare (up 4% QoQ) and manufacturing (up 5% QoQ).

Both captive takeover deals won in Q3 in BFSI vertical (Postbank systems and Prudential Financial) are fully ramped up in Q4.

FY21 revenue came at $22.17 billion, up 0.7% U.S. dollar YoY.

Deal total contract value of $9.2 billion was highest ever for a quarter, up 3% YoY.

Click on the attachment to read the full report:

Prabhudas Lilladher TCS Q4 Result Review.pdf

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