ICICI Direct

Firstsource reported healthy set of Q2FY21 numbers. The companys dollar revenues increased 13.1% QoQ in constant currency terms & 14.1% on YoY basis. We believe the strong growth in dollar revenues was due to easing of supply side pressure. In terms of rupee, the companys revenues increased by 20.6% YoY and 11.8% QoQ mainly led by ~13% QoQ growth in Banking and Financial Services and ~30% QoQ growth in Communication, Media and Technology. 28-OCT-20
Tata Consultancy Services (TCS) has been selected as a strategic partner for managed IT services by AG, a leading Belgian insurer, to help enhance the latter?s digital channels and modernize its IT systems, leveraging TCS? Machine First? approach 28-OCT-20
Tata Elxsi announces the opening of a Global Engineering Center (GEC) with Aesculap AG, a subsidiary of B. Braun, one of the worlds leading manufacturers of medical devices and pharmaceutical products and services. The GEC is part of a strategic multi-year engagement in the field of engineering services. 28-OCT-20

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