Alarm bells: TCS red flags Q3 growth

Blames slowing revenue from financial services, impact of holidays. Slowing revenue from financial services clients and seasonal factors such as holidays and furloughs in key western markets may cause Tata Consultancy Services to report muted earnings growth for the quarter ending December 31.

Sanchit Vir Gogia, founder CEO at advisory firm Greyhound Research, believes that the US general elections, which were conducted in November, resulted in many companies going slow on projects. “As a result of elections, the banking industry in the US has been affected. This, coupled with the impact of holidays and furloughs, has resulted in lower billing for IT companies,” Gogia added.

To read the Full Article, click here: The Hindu Business Line

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