TCS - Defensive Giant To Outshine Peers In 2023: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.We believe Tata Consultancy Services Ltd., among our IT services coverage, is best positioned to ride out the near-term moderation in technology spending, on account of macroeconomic stress in developed economies. With tech spending shifting toward cost efficiency (versus focus on transformation over the last two years), TCS revenue growth is expected to outperform its peers (FY24 at 9.2% YoY constant currency in U.S. dollar versus large cap coverage median of 8.5% YoY) on account of its industry leadership in cost optimisation and strong order book. Further, its better operational efficiencies is expected to drive up its profitability, leading to 20% YoY Indian rupee profit after tax growth in a tough year..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TCS - Defensive Giant To Outshine Peers In 2023: Motilal Oswal

Its better operational efficiencies is expected to drive up its profitability.

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