TCS reported Q1FY22 results.
- US$ revenues grew 2.4% QoQ to $6,154million
- EBIT margins declined 133 bps QoQ to 25.5%
- The company's deal pipeline continues to be healthy at US$8.1 billion
Key triggers for future price performance:
- TCS is key beneficiary multi-year growth (15-20%) in digital technologies
- Increase in outsourcing in Europe, vendor consolidation and deal pipeline leading to revenue CAGR of 13% over FY21-23E
- Industry leading margins to continue expect margins to improve 142 bps over FY21-23E
- Double-digit return ratios, strong cash generation and healthy payout
For details, click on the link below: Link to the report
Shares of TATA CONSULTANCY SERVICES LTD. was last trading in BSE at Rs.3207.75 as compared to the previous close of Rs. 3257.1. The total number of shares traded during the day was 232383 in over 21551 trades.
The stock hit an intraday high of Rs. 3281 and intraday low of 3200. The net turnover during the day was Rs. 750087670.