Thursday, July 18, 2013

Views on TCS results: Dipen Shah, Head of PCG Research, Kotak Securities

“TCS’s results were above estimates. The highlight was the 6.1% volume growth, a 7 quarter high. Margins improved despite salary hikes, which is creditable. Net profits were higher than what we had estimates.

TCS has been reporting above-average volume growth consistently and has been able to sustain margins. This reflects the strong account management and execution capabilities of the company.”