UK SITS market leader TCS continues to post strong rates of quarterly revenue growth at both the Global and UK levels. Q2 results out yesterday afternoon saw TCS report Global year on year revenue growth of 15.4% (in constant currency) to $6.9bn (Q2 FY22 $6.3bn). Operating margins declined 1.6% YoY to 24% (Q2 FY22 25.6%) although ticked up on the previous quarter (Q1 FY23 23.1%).

TCS CEO Rajesh Gopinathan pointed to strong demand for its services with “Strong, profitable growth across all our industry verticals and in all our major markets. Our order book is holding up well, with a healthy mix of growth and transformation initiatives, cloud migration and outsourcing engagements". 

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