Business Standard

TCS Q4 review: Near-term growth to moderate, demand levers intact: Analysts

TCS Q4 results review: Going ahead, most brokerages expect an inevitable slowdown for the company in the near-to-medium term

The current situation is even poorer than the second quarter of FY15 when the attrition rate had touched 16.2 per cent
Web Exclusive Premium

Harshita Singh New Delhi

Listen to This Article

The impact of the banking crisis in the US was visible in IT bellwether Tata Consultancy Services' (TCS) weak performance in the March quarter of fiscal 2023 (Q4FY23).

The firm witnessed slower revenue growth in Q4FY23 and failed to meet its FY23 exit Ebit margin of 25 per cent as some clients, especially in the North American region, took to pausing projects and rising onsite costs offset utilisation gains.    

Sequentially, the company’s revenue grew by just 0.6 per cent on a constant currency basis, which was one of the slowest paces in over 11 quarters.

The management flagged high

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 13 2023 | 11:16 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com