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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
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Harshita Singh New Delhi

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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

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

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