Daily BriefsTMT/Internet

TMT: Tata Consultancy Svcs and more

In today’s briefing:

  • Tata Consultancy Services – Steady as of Now but Visibility and Order Inflow Seem Challenges

Tata Consultancy Services – Steady as of Now but Visibility and Order Inflow Seem Challenges

By Nirmal Bang

  • Macro not hitting demand yet: TCS indicated that order pipeline velocity and deal closures continue to be strong.
  • While client conversations at the CXO levels see great deal of discussions on the macro challenges, they have not translated into spending cuts yet.
  • TCS stated that it has been constantly polling clients to see whether there is an early indication of demand softening, and as of now there is none to speak of.

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