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What TCS tells stock investors

DNMUM423948 | 10/12/2018 | Author : Edit | WC :217 | Opinion & Viewpoint

DNA Money Edit

As Tata Consultancy Services (TCS), India’s biggest software exporter, marches ahead with another good quarterly performance, here are a few learnings for India Inc. The quarterly performance is in line with the Street’s expectations, with a 22.6% year-on-year rise in profit at Rs 7,901 crore and a 20.7% jump in revenue to Rs 36,854 crore. It is evident that revenue growth was driven by expanding demand for digital transformation across verticals. Its continued acceleration in banking and financial vertical and retail has helped the company register higher revenues. Four new clients in the $100-million club and seven in over $20 million band have made a lot of difference to its topline growth.
TCS kept its attrition levels pretty low
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