For the period ended June 30, TDCX also posted a total revenue of US$126.2 million, up 5.5% y-o-y, which included a 5.8 percentage point negative impact of foreign exchange rates compared with 2QFY2022. In constant currency terms, TDCX was up 11.3% y-o-y for 2QFY2023.
PhillipCapital Research analyst Jonathan Woo has kept his “buy” call on TDCX with a lower target price of US$10.00 ($13.55) from US$12.10 previously, after the NYSE-listed tech company announced 2QFY2023 earnings that were up 9.4% y-o-y to US$19.8 million.
Meanwhile, CGS-CIMB Research analysts Ong Khang Chuen and Kenneth Tan have maintained their “hold” call with a decreased target price of US$6.50, down from US$9.50 previously.
