Search
+
    Invest with Confidence. Lead with Insights.
    • Drench in the knowledge with exclusive insights, ePaper & smart market tools with ETPrime.

    TCS raises recovery hopes driven by strong deal momentum

    Synopsis

    Buoyed by a mega 15-year deal with the UK-based insurer Aviva, which is pegged at around $ 2.5 billion according to media reports, the country’s largest software exporter reported a total contract value (TCV) of $13.2 billion for new deals, the largest in a single quarter.

    A strong deal momentum and better-than-expected improvement in profits and profitability were the major highlights of the fourth quarter performance of Tata Consultancy Services (TCS). While the revenue growth was more muted than what analysts had anticipated, the company’s ability to expand the operating margin from the lows seen in the June quarter and retaining the flow of new deals may offer some respite to investors. Buoyed by a mega
    • FONT SIZE
    • SAVE
    • PRINT
    • COMMENT
    ET

    Uh-oh! This is an exclusive story available for selected readers only.

    Worry not. You’re just a step away.

    Why ?

    • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

    • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

    The Economic Times