Last updated: 07 Oct, 2020 | 03:57 pm
TCS has reported very strong results in Q2FY21, backed by strong deal wins and revenue pick-up across all segments. TCS said that Jul-Sep quarter’s deal pipeline has been characterised by a very broad-based pickup in deal signings for relatively mid-and small-sized deals as opposed to very large deals.
While the ongoing pandemic has affected various businesses, has forced a tectonic shift in businesses processes to move towards greater digitization providing a good opportunity for IT industry. Given its leadership position in the market, TCS is well-placed to take advantage of this shift.
TCS is confident that this demand recovery has strong legs. This is not catch-up demand but rather sustained demand momentum. While it has not provided any revenue guidance for the year, the company is confident of taking advantage of secular demand going forward.