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