Earnings

TCS raises recovery hopes driven by strong deal momentum

TCS raises recovery hopes driven by strong deal momentum
ETMarkets.com

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.

By , ETMarkets.com
3 mins read, Last Updated:
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
( Originally published on Apr 12, 2024 )

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