TCS results a miss on both outlook and margin front: Sandip Agarwal

Sandip Agarwal feels that TCS’s earnings report is a little disappointing, with growth and margins lower than expected. Despite lower net additions, Agarwal argues that this is likely because the company is bringing down the pace of recruitment now that attrition is under control. Overall, while attrition numbers falling is positive, something is still missing on both the growth and margin fronts. Agarwal believes next year will be a higher-margin year rather than a better growth year.