[ad_1]
Synopsis
Lower margins have been the name of the game for the IT sector. TCS, Infosys, and HCL Technologies, which have reported results, posted lower than the targeted margins. Against this backdrop, why is TCS sticking to a target that is certainly going to be hard to achieve and should effectively be shelved for the near term?
Every quarter, Tata Consultancy Services (TCS) faces down questions about its prospects. Unlike its smaller rivals, India’s largest IT-services company does not issue any guidance for the quarter or year ahead, restricting itself to vague statements about the demand environment.The only long-term number TCS is willing to discuss is its margin. For over a decade, TCS had targeted an operating margin band of 26%-28%. This is not guidance, the
BY
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
-
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
[ad_2]
Source link
