Synopsis
Tata Consultancy Services (TCS) is expected to report 1.1% sequential growth. The company’s rupee denominated revenue is expected to increase at a faster rate of 3.2% sequentially to Rs 57,099.4 crore aided by a 2.9% sequential depreciation in the currency against the dollar considering the quarterly average rates. Net profit is likely to grow by 5.2% to Rs 10,973.2 crore.
ET Intelligence Group: Tata Consultancy Services (TCS) is expected to report 1.1% sequential growth in revenue at $6,949.5 million for the December quarter according to the average of the estimates by ETIG and five brokerages. The December quarter performance of the country’s largest software exporter is likely to be muted amid the seasonal weakness due to holidays. Its dollar denominated revenue had increased by 1.4% in the previous
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