TATACOMMUNICATIONS
CLSA ON TATA COMMUNICATIONS : 10.06.2021
* Maintain BUY, Target at Rs 1,475/share
* Shifts in enterprise network spend
* Muted Ebitda margin guidance
* Platforms and collaboration with TCS
* Play on enterprise data; retain BUY
Tatacommunication Management - Key takeaways - 10.06.2021
* Tata Communications targets to be a key enabler of #digital transformation. Check out the highlights from the #management call.
* Management Call - Key Takeaways
* Tata Communications CEO and CFO held a analyst call
* TCom targets to be a key enabler of digital transformation
• Management guided for double-digit data revenue growth
• Cloud is a major growth driver and TCom has an overlap with TCS here
• Both have a growing collaboration and TCom drives India cloud services
• Management margin guidance is muted at 23-25% with part reversal of Covid-19 cost savings
