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In the recently released FY22 annual report, Tata Consultancy Services Ltd. has highlighted that its order book is at all time high at $11.3 billion in Q4 FY22 and $34.6 billion in FY22 (book to bill at 1.3 times).
In addition, the tech spends in horizon one and horizon two is expected to drive technology growth.
Technology spends on cloud migration and emerging technologies, is expected to drive demand. Thus prompting the company to set a target of doubling its revenue to $50 billion by 2030 (compound annual growth rate of 8.6%).
Further, TCS on margin front has highlighted that margins would be stable in medium term (which we believe will be around 25%).
In addition, the company believes that 26-28% will remain longer term aspirational band for the operating margin.
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