The tepid third quarter performance of India’s largest IT exporter Tata Consultancy Services (TCS) is hardly good news for India’s overall IT sector. The company’s dollar revenue for the December quarter slipped 0.3 per cent over the previous quarter, beaten down by its India and Japan business, slowdown in the insurance business in the UK, as well as the Chennai floods.
Sanchit Vir Gogia, Chief Analyst of Greyhound Research, has a small advice for industry watchers. “Don’t focus on EPS next year. Go by the cash flow.”
Source: Business Today