TCS results are in line with expectations. The 2.9% volume growth in international business is encouraging. The management is pretty confident of FY15 growth rates being better than FY14.
We believe that, Consistent high volume growth being reported by TCS, reflects effective demand generation initiatives and efficient execution. The increase in employee addition target for FY14 as well as the likelihood of revising higher the FY15 employee targets reflect the extent of revenue visibility the company has.
We believe that, Consistent high volume growth being reported by TCS, reflects effective demand generation initiatives and efficient execution. The increase in employee addition target for FY14 as well as the likelihood of revising higher the FY15 employee targets reflect the extent of revenue visibility the company has.
