Performance continues to be downbeat in BFSI; no catalysts for performance revival at least over the next few quarters

TCS reported a sequential revenue growth of 1 per cent in dollar terms. Though the management sounded optimistic about the outlook, there is no weight in it.The company’s revenue growth has continued to slim. After a 2 per cent sequential growth in constant currency in the June quarter, growth slipped to 1.7 per cent in the September quarter and to an even lower 1.3 per cent in December quarter.I...