Notwithstanding the weak macroeconomic conditions, Tata Consultancy Services has achieved strong order wins over the past few quarters. According to analysts, the company’s ramp-up of deals in the March quarter may have allowed it to surpass most tier I peers, including Infosys Ltd., Wipro Ltd., HCL Technologies Ltd., Tech Mahindra Ltd. (TechM), and LTIMindtree Ltd., in terms of growth and margin.
Lower billing days usually have an effect on Q4, but this time around, according to BOB Capital Markets, the reversal of furloughs has been delayed. Recall that Infosys lowered its financial year projection to 1.5–2% in its most recent quarterly update from 1-2.5% earlier, while HCL Tech did the same, dropping to 5-5.5% from 5–6% earlier. TCS ought to be at the top among Tier-I IT firms, according to BOB Capital Markets.
“Infosys and Wipro should experience flat revenue growth, while TCS is anticipated to beat the competition with 2.2% QoQ CC due to the expansion of the BSNL business. LTIMindtree, HCL, and TECHM should grow 1.4%, 0.9%, and 0.7% CC QoQ, respectively, in the meantime. In general, it is anticipated that Tier-I enterprises will show modest median revenue growth (0.8 per cent)
