Analyst Research Report Snapshot

Title:

Result Update (TCS)

Price:

$35.00

Provider:

SMC Global Securities Limited

Date:

20 Jul 2013

Pages:

4

Type:

AcrobatPDF

Companies referenced:

TCS.NS

Available for Immediate Download
Summary:

TCS posted stellar performance, posted higher than expected revenue growth and come up with improved margins (street was expecting flat margins) during the quarter. The Company consolidated sales grew by robust 9% QoQ in Q1'FY14 to 17987.07 crore on the back of strong 6.1% volume growth. Notably, the growth in revenues was broad based; it was across the geographies (India was only dark spot down by 4.6% QoQ), Service lines (Consulting grew by sharp 24.3% QoQ) and verticals (even Telecom and BFSI posted robust growth) during the quarter

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