TCS Q3 Results Review - In A Sweet Spot To Maneuver Macros: IDBI Capital

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. .IDBI Capital Report.Tata Consultancy Services Ltd. reported healthy set of numbers despite a seasonally weak quarter. We expect the impact of macro’s will be felt post two quarters. However, we expect macro impact to be varying across regions with U.S. and UK better placed than Europe. We believe TCS is well poised to maneuver through the macro challenges due to scale, taking advantage of vendor consolidation and cost take out opportunities. Hence, post factoring lower growth in FY24E (7.6% YoY) we now expect revenues to grow at a compound annual growth rate of 9% over FY22-FY25E. In addition, we expect margins to improve in coming quarters and expect margins to surpass 26% in FY25E. We have rolled forward our numbers to FY25E..Click on the attachment to read the full report:.TCS Q3 Results: Revenue Rises 5% But Net Profit Misses Estimates.More Research Reports On TCS Q3 Results Review.Good Growth, Deal Wins To Drive Performance: Motilal OswalGrowth Normalisation Ahead: HDFC Securities.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 Q3 Results Review - In A Sweet Spot To Maneuver Macros: IDBI Capital

Tata Consultancy Services reported healthy set of numbers despite a seasonally weak quarter.

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