Analyst Commentary

TCS continues to develop its portfolio of industry-specific solutions and realign its digital business



Slowing revenue growth, continued rupee appreciation and increased spending caused TCS to miss its target margin band in 2Q17
TCS’ total revenue grew 5.2% year-to-year during 2Q17, significantly below the company’s typical second-quarter rates. The growth downturn is owed to a steep appreciation of the rupee against the U.S. dollar, along with tepid client spend in select markets, including the U.K., and more broadly from larger clients in banking, financial services and insurance (BFSI). TBR believes TCS remains foc...

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