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Tata Consultancy Services Ltd (TCS) largely met analyst expectations in terms of revenue, EBIT margins, and order book in the March quarter.
TCS reported a strong $12 billion total contract value in Q4, including three mega deals.
KEY POINTS
- AI projects now contribute 7% of TCS revenues, moving from proofs of concept to large projects.
- Brokerages have raised FY27-28 EPS estimates for TCS by 2-3% due to higher growth expectations.
- TCS expects a return to normal seasonality with stronger Q1 and Q2 performance ahead.
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