BFSI Continues to Witness Headwinds; Retail Outperforms Tata Consultancy Services (TCS) has reported an in-line performance in 3QFY18, with its USD revenue growing by 1% QoQ (1.3% in CC terms). While volume grew by 1.6% QoQ, CC pricing marginally declined by 0.3% QoQ. Led by operational efficiency in a seasonally weak quarter, its EBIT margin rose by 10bps QoQ. Net profit rose by 1.3% QoQ to Rs65.3bn. From vertical perspective, revenue from the key BFSI vertical that continues to witness headwinds declined by 1.7% QoQ. However, on a positive note, the Retail vertical staged a strong recovery, with revenue growing by 6.1% QoQ. Notably, the Management expects this vertical to clock...