TCS - Robust Demand To Drive Future Revenue Growth: 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.In the recently released FY22 annual report, Tata Consultancy Services Ltd. has highlighted that its order book is at all time high at $11.3 billion in Q4 FY22 and $34.6 billion in FY22 (book to bill at 1.3 times). In addition, the tech spends in horizon one and horizon two is expected to drive technology growth. Technology spends on cloud migration and emerging technologies, is expected to drive demand. Thus prompting the company to set a target of doubling its revenue to $50 billion by 2030 (compound annual growth rate of 8.6%). Further, TCS on margin front has highlighted that margins would be stable in medium term (which we believe will be around 25%). In addition, the company believes that 26-28% will remain longer term aspirational band for the operating margin..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 - Robust Demand To Drive Future Revenue Growth: IDBI Capital

TCS - Robust Demand To Drive Future Revenue Growth: IDBI Capital

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