While there is still uncertainty on the path of the health crisis, with likelihood of third or fourth waves, and the emergence of new strains of the virus, overall business outlook across industries appears to be positive in all of TCS? major markets. MANAGEMENT DISCUSSION AND ANALYSIS (FY 20-21) If it happens stock out performance might continue.Īs with other IT companies, everyone would be watching with interest what the new US administration would be doing on the H1-B visa issue, which was squeezed by the earlier administration, even though the IT sector has learnt to live with the changes.Ĭlosing Cash & Cash Equivalent Growth (%)
Will currency gains make a comeback second half of FY22, needs to be watched. With US fed indicating that it might soon slow down its money printing machines. Given the abundant liquidity in the global markets, there had been little scope of gain due to moves in currency markets. Attrition rate though remained higher, but demand tailwinds are good enough to ensure that margins are largely protected. Deal pipeline to remain strong in near term clear as global rush for digitization continues. Majority verticals continue to grow both on YoY and QoQ basis. it would be a long term positive as revenue from existing clients would improve at much faster pace. What needs to be watched over next couple of quarter is the growth in consulting business.
