TCS Q4 Review - Commentary Stays Confident On Sustained Traction: Dolat Capital 
Signage for Tata Consultancy Services Ltd. is displayed outside the company’s headquarters in Mumbai, India,

TCS Q4 Review - Commentary Stays Confident On Sustained Traction: Dolat 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.

Dolat Capital Report

Tata Consultancy Services Ltd. reported revenue growth of 4.2% QoQ in constant currency terms (our estimate 4.3%) led by broad-based growth across verticals.

Operating profit margin improved by 23 basis points QoQ to 26.8% (our estimate 26.5%) led by sustained cost savings in selling general and administrative.

Announced final dividend of Rs 15 per share.

Signed highest ever total contract value of $9.2 billion (banking financial services and insurance $3.9 billion, retail $1.4 billion) taking trailing twelve months TCV to $31.5 billion implying 1.42 times revenue coverage.

TCV in Q4 witnessed higher closure of small deals (largest deal was $0.5 billion).

Click on the attachment to read the full report:

Dolat Capital TCS Q4FY21 Result Update.pdf

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