TCS Has Enough Cash for M&A, Strategic Opportunities: COO

The transcript discusses the company's strong quarterly performance, with a 13.5% year-on-year growth and $7.8 billion in contracts. It highlights broad-based growth across verticals, driven by cloud migration and automation. The market analysis reveals macro uncertainties, particularly in Europe, but overall performance remains stable. Financial services, retail, and hospitality sectors show resilience, while some weaknesses are noted in insurance and mortgages. The company maintains a capital allocation policy, returning 80-100% of free cash flow to shareholders, while continuing to invest in R&D and strategic opportunities.

What percentage did the business grow year on year?

What are the key factors that contributed to the improved margins?

What challenges are being faced in the European market according to the text?

How did the company perform in the financial services sector?

What is the company's capital allocation policy regarding free cash flow?