TCS Q1 results preview: TCS Q1 dollar revenue growth expected to be lower amid cross currency headwinds
Synopsis
According to the average of the estimates by ETIG and eight brokerages, the dollar-denominated revenue of TCS is expected to grow by 1.9% sequentially to $ 6,824.5 mn compared with the 2.6% growth in the previous quarter. A weaker euro and pound against the dollar will affect the reported growth even though the constant currency (CC) growth is expected to be higher at 3-4%.
ET Intelligence Group: Tata Consultancy Services (TCS) is likely to report moderation in the sequential revenue and profit growth in dollar terms for the June 2022 quarter following cross currency effects given the depreciation in the euro and the pound against the dollar.
In addition, the country’s largest IT exporter may continue to show pressure on operating margin due to higher employee recruitment and retention costs amid high
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