TCS looks well placed to sail through turbulent macroeconomic scenario in key markets

TCS looks well placed to sail through turbulent macroeconomic scenario in key markets

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File photo of Tata Consultancy Services campus

Synopsis

While the management has expressed confidence over the demand momentum, caution is in the air given that over three-fourth of its revenue is generated in the US and Europe, the regions that are likely to be affected due to macroeconomic challenges.

ET Intelligence Group: Tata Consultancy Services (TCS) reported a better than expected traction in the dollar denominated revenue for the December quarter with a commendable momentum in deal wins considering the seasonally weak period due to holidays. However, the trend in the incremental trailing 12-month (TTM) revenue reflects a gradual moderation.

While the management has expressed confidence over the demand momentum, caution is in the air

BY

ET Bureau

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