 "Tata Consultancy Services (TCS)")
Tata Consultancy Services (TCS), India’s largest information technology (IT) services firm, not only posted better-than-expected results for the quarter ended December 2020 (Q3) — its strongest third-quarter result in nine years — but also surprised many by indicating that it could return to a double-digit growth trajectory next year.
The indication of the future growth trajectory from a company that refrains from giving guidance itself is a positive. The company had last witnessed double-digit sales growth on a year-on-year (YoY) in the June 2019 quarter.
The firm’s revenue and net profit increased by 5.4 per cent and 7.2 per cent on a
