TCS
TCS gains ahead of Q4 earnings; street eyes growth signals
Mumbai/IBNS: Shares of Tata Consultancy Services Ltd. rose over 1% on Thursday, recovering from the day’s low ahead of its March quarter earnings announcement, according to media reports.
The company is scheduled to release its Q4 results after market hours.
According to a CNBC-TV18 report, TCS is expected to post a 1.5% quarter-on-quarter increase in US dollar revenue to $7,619.5 million, up from $7,509 million in the previous quarter.
Constant currency growth is estimated at around 1%, with projections ranging between 0.6% and 1.4% sequentially, the report said.
Among other expectations, EBIT margins may expand by 20 basis points, while net profit is likely to jump 29% quarter-on-quarter to ₹13,727.6 crore.
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