Synopsis
Analysts expect the operating margin to expand by 10-70 basis points sequentially as the pressure of employee attrition eases. “We expect 30bp improvement in operating margin, led by stabilizing supply and receding attrition,” mentioned Motilal Oswal Financial Services in a preview report.
ET Intelligence Group: Tata Consultancy Services (TCS) is expected to report a deceleration in the sequential revenue growth for the March 2023 quarter amid rising global macroeconomic uncertainties while profitability may improve amid moderating employee attrition.The country’s largest software exporter is slated to announce the fourth quarter financial performance on Wednesday. According to the average of the estimates by the ET Intelligence
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