TCS Q4 Review - Healthy Revenue Growth, Improving Deal Wins: ICICI Direct
An employee walks along a road at the TCS Synergy Park campus in Hyderabad. (Photographer: Namas Bhojani/Bloomberg)

TCS Q4 Review - Healthy Revenue Growth, Improving Deal Wins: ICICI Direct


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.

ICICI Direct Report

Tata Consultancy Services Ltd. revenue growth was across geographies and verticals led by a ramp up of deal wins and transformational opportunities.

U.S. dollar revenues grew 5.0% QoQ to $5,987.0 million versus our estimate of 5.0% QoQ growth and $5,987.1 million estimate.

Ebit margins expanded 20 basis points QoQ to 26.8%.

The company has declared an interim dividend of Rs 15 per share.

One of the key highlights was that the company’s deal pipeline continues to be healthy at $9.2 billion.

The company aspires to register double digit revenue growth in FY22E.

Click on the attachment to read the full report:

ICICI Direct TCS Q4FY21 Result Review.pdf


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.

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