Most analysts bullish on TCS after Q2 show beats Street forecast | Economic Times

Most analysts bullish on TCS after Q2 show beats Street forecast https://ift.tt/iEW4e1Q largest IT exporter posted better-than-expected results for Q2. Revenue growth was 3.9% quarter on quarter (QoQ), better than the consensus estimate of 3.5%. Earnings before interest and tax (Ebit) margin at 24% was resilient, with 90 bps QoQ expansion, ahead of the consensus estimate of 70 bps due to deft gross margin management, higher utilisation and slight moderation in subcontracting cost.