External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>TCS reported revenue of USD7.5b, up ~2.2% QoQ CC and 1.9% in reported terms, above our estimates of +1.4% QoQ CC &amp; consensus of +1.5% QoQ CC due to continued ramp up of BSNL deal.</li><li>Sequential growth was also observed across most of the verticals &amp; regions with green shoots in BFSI &amp; North America region.</li><li>EBIT margin declined by 130 bps majorly due to the headwinds of wage hikes &amp; higher third-party expenses, which partly got offset by subcon optimization.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

TCS reported revenue of USD7.5b, up ~2.2% QoQ CC and 1.9% in reported terms, above our estimates of +1.4% QoQ CC &amp; consensus of +1.5% QoQ CC due to continued ramp up of BSNL deal.Sequential growth was also observed across most of the verticals &amp; regions with green shoots in BFSI &amp; North America region.EBIT margin declined by 130 bps majorly due to the headwinds of wage hikes &amp; higher third-party expenses, which partly got offset by subcon optimization.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

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