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ADD on Wipro - Improving growth visibility - HDFC Securities
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Maintain BUY on Infosys - Q4FY21 Results Review - Buy the dip - HDFC Securities
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Operator
Ladies and gentlemen, good day and welcome to the Infosys Earnings Conference Call. [Operator Instructions] Please note that this conference is being recorded.
I now hand the conference over to Mr. Sandeep Mahindroo. Thank you and over to you, sir.
Sandeep Mahindroo
Vice President, Financial Controller & Head-Investor Relations
Thanks, Margaret. Hello, everyone, and welcome to Infosys earnings call to discuss Q4 and FY 21 earnings release.
I m Sandeep from the IR team in Bangalore. Joining us today on this call is CEO and MD, Mr. Salil Parekh; COO, Mr. Pravin Rao; CFO, Mr. Nilanjan Roy; along with other members of the senior management team. We ll start the call with some color on the performance of the company by Salil, Pravin and Nilanjan before we open up the call for Q&A.
ADD on Tata Consultancy Services - Strong progression - HDFC Securities
Posted On: 2021-04-13 09:05:23 (Time Zone: Arizona, USA)
Mr. Apurva Prasad, Institutional Research Analyst, HDFC Securities and Mr. Amit Chandra, Institutional Research Analyst, HDFC Securities
We maintain ADD on TCS, following a strong 4Q performance, robust growth indicators, and positive commentary (3-5 years structural growth drivers). The near-term growth visibility is high, supported by strong bookings (4Q book-to-bill higher than FY20 and 9MFY21 book-to-bill) and higher mix of smaller deals. We believe TCS calibrated focus on upstream/consulting business will increase its addressable market. The industry-leading execution continues with markers such as decline in attrition (though uptick in sub-con), reversion to normal wage cycle, and investments in up-skilling (enabling partnerships, solution expertise). TCS commentary on supply-side (no concerns) was a contrast to Accenture s commentary (rev
Indian IT likely to post best Q4 results in five years, attrition a concern
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Synopsis
While Tata Consultancy Services Ltd. (TCS), the country’s largest technology services firm by revenue, will kick off the Q4 results season on April 12. Infosys’ on April 14 and Wipro on April 15 will follow.
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Bengaluru: Indian IT services firms are expected to report their best fourth-quarter results in five years, analysts said, as business from clients in the US and Europe grew at a fast clip.
They will, at the same time, also report higher attrition rates due to a battle for talent among peers, global corporations and startups, the analysts said.
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