Greyhound Research believes that with a strong revenue growth of 6.6 in Q2, TCS holds a sturdy position in the market in terms of growth and competitive positioning. A part of the revenue is surely accredited to the addition of USD 100 million from its Japanese partnership with Mitsubishi, becoming the only Indian IT company that has its focus in Japan. With strong and deepened relationships across all channels and businesses through strategic digital and technology partnerships, TCS is steering towards more broad-based growth and making the company less dependent on the US financial services industry.
Beating its rivals’, TCS has successfully overcome lower profitability as well by boosting its offshore utilisation, lesser employee costs and sales expenses, to post the best margins in the industry. Also TCS has been doing when it comes to employee retention, which is one of the major factors for revenue generation.
Commented By: Mr. Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research