InvestorQ : What will happen to my shares in TCS since I am worried about the impact of BREXIT? Do you see risks to TCS if BREXIT happens on October 31?
Ria Jain made post

What will happen to my shares in TCS since I am worried about the impact of BREXIT? Do you see risks to TCS if BREXIT happens on October 31?

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Anu Biswas answered.
2 years ago
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I don’t think that is a major risk for IT companies like TCS. You are right that in the last few quarters, most of the growth for these IT companies has come from the UK and EU. However, the IT adoption in EU and UK is currently less saturated compared to the US. Hence any negative impact on the UK and EU business looks unlikely. There may be some cross currency risks in the short run but that should be easily absorbed by the larger names like TCS.

On the other hand, there is a major positive for these IT companies as this BREXIT will allow them to better leverage the full potential of the UK and the EU market. If you leave aside the short term disruption, the long term potential of EU and the UK markets continue to be strong for big players like TCS. You don’t need to worry about selling out for this reason.

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