TCS results a miss on all parameters: Urmil Shah, IDBI Capital - News Summed Up

TCS results a miss on all parameters: Urmil Shah, IDBI Capital


In both rupee and CC terms, profit growth is less than expected, says, Research Analyst and Vice President,Excerpts from an interview with ETNOW.It appears the headline numbers are clearly a miss across revenue. The EBIT margin is even more disappointing and so is the flow through impact on profitability. The result on the face of it, is definitely a miss across all parameters.Generally we should look at the CC term because that is what operationally the company has to manage with. The cross currency movement is not entirely in the company’s hands. So, it would be important to look at what is the CC growth that comes in but that also is more than a percentage point lower than expectations.


Source: Economic Times October 10, 2019 12:00 UTC



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