Tata elxsi

Hi,

Revenue growth +5.1% YoY in Constant currency, +0.2% QoQ in Constant currency terms. I wonder why these companies whose business models boast of new gen technologies and operate in high growth sectors like Automobiles are posting stagnant growth figures. The inflation growth figures are more than these companies revenue growth figures.

The saviors of IT companies are currency depreciation, better margins and cash flow positive business model which is negating these muted growth figures.

Here Company has also increased its margins which shows its pricing power and brand value.

Thanks,
Deb