• For Getting services, call us Stock advisory in Indore on this Number 09644405056
Tata Consultancy Services Ltd (TCS) trailed already low growth estimates for the September quarter. Compared to the Street estimate of 2-2.5% sequential expansion in revenues in constant currency terms, the company delivered a growth of 1.7% last quarter.
On the positive side, operating margin expanded 1.7 percentage points sequentially, exceeding analysts’ estimates. But a significant part of the gain in the operating margin is driven by cross-currency benefits. Volume growth came in at 3.2%, which was also decent; although ultimately what matters is revenue growth, especially given the challenges on that front in recent years. Further, a revenue growth of 1.7% on 3.2% volume growth indicates greater-than-expected pricing decline.
Business in continental Europe is gaining traction, reflective in higher than company average growth of 5.3% last quarter; but the mainstay US market was below the company average.
No comments:
Post a Comment