TCS dollar revenue growth highest in 14 quarters; 10 key takeaways from Q4 results
Consolidated revenue from operations for the quarter grew by 3.8 percent (up 8.2 percent YoY) to Rs 32,075 crore on sequential basis, which was ahead of Reuters poll of Rs 31,669.2 crore. Revenue for the quarter ended December 2017 was Rs 30,904 crore. Revenue in dollar terms increased 3.9 percent, the highest growth in last 14 quarters, to USD 4,972 million in Q4FY18, which was far ahead of analyst estimates. Dollar revenue growth on year-on-year basis was in double digit at 11.68 percent. "Dollar revenue growth was above our 2.4 percent QoQ growth and USD 4,901.9 million estimate. The dollar revenue growth was supported by strong cross currency tailwind (1.9 percent in our view)," ICICIdirect.com Research said. Revenue growth in constant currency terms was 2 percent (against consensus estimates of over a percent) while volume growth was 2 percent QoQ. Digital Business TCS said greater adoption of digital technologies by customers resulted in several large, mul...