ECONOMY

TCS Q1 Review – Headline Miss, Strong Internals, Outlook: Prabhudas Lilladher

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Tata Consultancy Services Ltd.’s revenue grew by up 2.7% QoQ in U.S. dollar (our estimate: 3.6%, consensus: 3.5%) led by strong growth in core verticals and markets (up 4.1% QoQ constant currency), offset by decline in India business due to impact of second wave of Covid-19.

Revenue lost (~Rs 3.5 billion) in India business is expected to come back in coming quarters as Covid-19 situation improves.

Almost all sectors had healthy sequential growth led by banking financial services and insurance (up 3.1 QoQ CC), retail and consumer packaged goods (up 4.4% QoQ CC), life sciences and healthcare (up 7.3% QoQ CC) and tech services (up 5% QoQ CC).

Click on the attachment to read the full report:

Prabhudas Lilladher TCS Q1FY22 Result Review.pdf

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