TCS in worst revenue rate this quarter !
TCS in worst revenue rate this quarter !

TCS is facing its worst days. The top IT companies have fell in the last quarter for about 9% but TCS has got worse situation as the growth the company has seen in the Quarter2 of this fiscal year is just 1% by the end of the September month. This figure is far lower than the 2.5% growth the Street had estimated. On a year-on-year basis, growth stood at 7% in constant currency, a steep drop from the 10.1% growth reported by the company in the June quarter.

TCS said revenues from the retail vertical declined, besides which postponement of work in its India business led to sluggishness in overall revenues. While it’s true that some other verticals did better with growth of 3-4%, what matters in the end is the growth of the entire portfolio. And investors will evidently be disappointed with what they see.

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