TCS’s optimistic outlook spurs market confidence

Despite missing Street estimates on the revenue and net profit front in its October-December earnings, analysts have viewed the company’s performance with a cautious optimism. The company’s commentary on the revival of discretionary spending and its robust order book are key drivers behind this sentiment.

However, analysts remain vigilant about the challenges of total contract value (TCV) conversion and sustained growth in emerging markets after the expected tapering of the BSNL deal.