TCS Q3 Results Preview; Ahead of result
IT giant Tata Consultancy Services (TCS) is all set to kick off the earnings season. The country's largest IT company is likely to report a net profit of Rs 11,270 crore for the October-December period.
TCS is likely to report a 3.6 per cent quarter-on-quarter rise in revenue to Rs 57,280 crore. Its revenue in dollar terms is pegged at $6,970 million for the quarter ended December as against $6,877 million for the previous three months -- marking growth of 1.4 per cent.
Revenue in constant currency terms is likely to increase 1.6 per cent compared with the previous quarter, while Dollar revenue growth is expected to be USD 6.95 billion in Q3, up 1.1% from USD 6.87 billion in the last quarter.
Sequential growth momentum in margins is expected to continue in the third quarter; this time margins are expected to increase by 70 bps at 24.7%, after 90 bps growth in the previous quarter at 24%.
Meanwhile, management commentary on deal wins will be keenly eyed to get a sense of any slowdown in client spends.