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