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Ideas For Profit | TCS: A soft quarter does not take away the long-term investment case

TCS reported a soft quarter after three consecutive quarters of strength, impacted principally by the pandemic-led disruption in India. Despite the revenue miss, management remains confident of strong double-digit growth given its order book and pipeline and the fact that India business is a deferment of revenue, and not a loss. The company is alluding to a multi-year technology cycle with the pandemic being a catalyst to facilitate large scale migration to cloud platform which incidentally is also paving the way for reduction in carbon footprint. We see strong tailwind for this technology bellwether that should translate into steady predictable earnings growth.

Moneycontrol News
July 09, 2021 / 16:30 IST
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TAGS: #earnings #IT industry #Results #TCS #video
first published: Jul 9, 2021 04:30 pm

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More

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