2024-07-10 02:24:04 pm | Source: PR Agency
Preview on TCS by Manish Chowdhury, Head of Research, StoxBox
Below the Preview on TCS by Manish Chowdhury, Head of Research, StoxBox
We expect TCS’s revenue growth to be sequentially in the lower single digits, led by contributions from recent deal wins. However, the company's EBIT margin is projected to contract due to recent wage hikes. The deal pipeline remains robust, focusing on demand recovery in the second half of FY25. Furthermore, management’s commentary on the demand environment would be a key thing to watch out for.
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