TCS expects single-digit growth in FY20
India’s biggest IT company grew at the slowest pace among peers, reported flat profit in Q3. CEO Rajesh Gopinathan termed the muted performance as a “short-term phenomenon”.
India’s biggest IT company grew at the slowest pace among peers, reported flat profit in Q3. CEO Rajesh Gopinathan termed the muted performance as a “short-term phenomenon”.
The Bengaluru-based IT firm added three customers in the over $100 million bucket during the June quarter.
The Bengaluru-based IT services firm raised its FY20 revenue growth guidance range to 8.5-10% from 7.5-9.5%; posts highest-ever large deal win of $ 2.7 billion during the quarter.
Despite a fall in margins in the first quarter, India’s IT bellwether reported record deal wins worth $5.7 billion; expects the robust deal pipeline to continue in the coming quarters.
Here’s a sneak peak into Fortune India’s February 2019 issue of the magazine.
Editor’s letter from the February 2019 issue.
The management of the top-tier IT firms see sustained demand for their core IT services and digital technology offerings from customers in the West.
HCL and IBM have an ongoing IP partnership for five of these products.