The markets were largely disappointed by the 10% fall in net profits reported by TCS. Revenues for the first quarter were flat as was expected. The immediate reaction in the press and among the media was to blame the company and the recent management shift for the disappointment on the quarterly performance front. But a more detailed reading of the TCS first quarter numbers actually tell an interesting shift that is happening below the surface. In fact, analysts and investors run the risk of focusing too much on the fall in net profits and overlook a subtle shift that is happening beneath the numbers.
Here are 10 things you should focus your attention in the TCS Q1 results…
Interestingly, the TCS stock showed a lot of underlying strength. The obvious reason is that the quarter has been significant for TCS from a business perspective. Top-line and bottom-line may only relate part of the story at TCS. The stock looks set to live in interesting times!
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