TCS: TCS growth to stay strong in Q2; a firm dollar will help

Investors need to watch out for trends in deal wins, contract pricing, attrition, client budgets amid rising recessionary fears in the western economies and margin trajectory during the management commentary after the result declaration.

Synopsis

In rupee terms, revenue is likely to grow at a higher rate of 4.7% to ₹55,221.9 crore helped by a 3.2% average depreciation in the rupee during the quarter. Net profit is expected to grow by 10.7% sequentially to ₹10,490 crore after falling by 4.5% in the previous quarter.

ET Intelligence Group: Tata Consultancy Services (TCS) is likely to report an improved sequential growth in revenue and profit for the September quarter. The company’s revenue in rupee terms may show higher growth than the dollar-denominated revenue given the weakness in the local unit, while the dollar realisation will be impacted by the unfavourable movements of the pound and the euro against the greenback.

The country’s largest software

BY

ET Bureau

3 mins read, Last Updated:

Oct 10, 2022, 06:20 AM IST

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