TCS back on double-digit growth path led by rebound in BFSI vertical

The BFSI vertical, which accounts for 31% of the company's revenues, has been a laggard, pulling down the overall growth of the company over the last couple of years

Led by a revival in the banking financial services and insurance (BFSI) vertical TCS is expected to post double-digit growth in FY19. The company’s annual revenue growth, which has been trending down from FY12 onwards, hit the trough in FY18 with a growth of 4.4 per cent. Financial year FY19 would be the first time in three years that the company will get back to the double-digit growth mark. 

The BFSI vertical, which accounts for 31 per cent of the company’s revenues, has been a laggard, pulling down the overall growth of the company over the last couple of years.

The vertical