Tribunal Order Unlikely To Impact TCS, But Other Concerns Remain

India’s top IT services provider TCS is unlikely to be impacted in the near term due to the National Company Law Appellate Tribunal’s decision on Tata Group holding company Tata Sons, analysts said.

TCS will remain unaffected by any changes, said Sanchit Vir Gogia, CEO of Greyhound Research. “Since anyway there were no assurances of business from Tata Sons coming to TCS, there should not be a tangible difference,” he said.

In terms of new business, the software exporter has a “good pipeline” for the next three quarters, he added.

[Economic Times]


Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.

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