Robust Growth Across Key Verticals

One of the leading global IT services, consulting and business solutions organisation, Tata Consultancy Services (TCS), posted a double-digit growth for its fourth quarter of financial year (FY) 2019, thereby beating a consensus estimate.  The company’s net sales and net profit has clocked a compounded annual growth rate (CAGR) of nine per cent and 10 per cent over FY 2015-19. TCS delivered 2.4 per cent revenue growth quarter-on- quarter (QoQ) and 12.7 per cent growth Y-O-Y on constant currency (CC) basis, primarily driven by growth across its segments and geographies. Increase in the topline was led by growth of 11.6 per cent year on year (Y-O-Y) in BFSI, followed by 9.9 per cent growth in retail and CPG vertical and 10 per cent growth in communication and  media vertical. When it comes to growth across key geographies, North America saw a 9.9 per cent Y-O-Y growth, UK...