- TCS down over 2% post Q1 results; Citigroup slashes its target price
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TCS down over 2% post Q1 results; Citigroup slashes its target price
#Niveza #Review on #TCS #News ::
TCS managed to deliver better results residing Britain exit impact but sadly for the investors, TCS is back to its underperforming ways.Year-on-year growth stood at 10.1%, barely 20 basis points higher than the lows of the December quarter. On a Q-o-Q basis, revenue grew by 3.1% in constant currency terms, lower than 3.5-3.7% growth which was mainly anticipated by street. The company managed to limit decline in operating margins and expecting to deliver better ahead.
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