Q1 results of HCL and TCS have some worrying similarities | Mint - Mint

HCL's Ebit margin at 17% declined 100 basis points (bps) sequentially, and was at a multi-quarter low. Also, it was below consensus estimate of 17.6%. TCS also missed consensus margin estimates. At 23.1% TCS' Ebit margin hit a multi-year low

In fact, there are worrying similarities between the two. First and foremost, HCL's Ebit margin at 17% declined 100 basis points (bps) sequentially, and was at a multi-quarter low. Also, it was bel… [+2009 chars]

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