Q1 Results: TCS is back, and firing on all cylinders
The only concern, for investors, is Tata Consultancy Services's (TCS's) high valuation of nearly 24 times one-year forward earnings
Tata Consultancy Services Ltd (TCS) celebrated its 50th anniversary in the April-June quarter (Q1). Whether by happy happenstance or perfect planning, it also turned out to be a quarter where multiple milestones were reached. The company reported quarterly revenues of over $5 billion for the first time, and its employee count— already at staggering levels—rose to over 400,000.