Morningstar - Tata Consultancy Services Limited (TCS) TCS Revenue Surges on Foreign Exchange Effect; Digital and BFSI Encouraging; Shares at a Premium

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Morningstar

Andrew Lange

EUR 100.00 For Business Accounts Only

TCS Revenue Surges on Foreign Exchange Effect; Digital and BFSI Encouraging; Shares at a Premium

TCSâ€™ second-quarter headline numbers were very strong with revenue growth surging on a year-over-year basis. However, digging deeper, the firmâ€™s dazzling reported results were flattered by a significant foreign exchange effect. With the rupee depreciating sharply against all major currencies, the difference between reported and constant currency revenue growth was 20.7% and 11.5%, respectively, leading to a foreign exchange effect of 9.2%. Nevertheless, we are encouraged by TCSâ€™ quarterly result...

11/10/2018 13 EN

Underlying

Tata Consultancy Services Limited

Tata Consultancy Services provide consulting-led integrated portfolio of information technology (IT) and IT-enabled services delivered through a network of multiple locations around the globe. Co.'s full services portfolio consists of IT and Assurance Services, Business Intelligence and Performance Management, Business Process Services, Cloud Services, Connected Marketing Solutions, Consulting, Eco-sustainability Services, Engineering and Industrial Services, Enterprise Security and Risk Management, Enterprise Solutions, iON -Small and Medium Businesses, IT Infrastructure Services, Mobility Products and Services and Platform Solutions.

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INE467B01029 National Stock Exchange of India India

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Andrew Lange

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TCS Revenue Surges on Foreign Exchange Effect; Digital and BFSI Encouraging; Shares at a Premium

PSA IT System Integrators: Whither Japanese IT Spending?

MOSL : TCS: Strong growth and demand outlook key positive in Q2

TATA CONSULTANCY SVS. sees an upgrade to Slightly Positive due to a better fundamental star rating

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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