TCS shares end nearly 2% lower on tepid Q4 outlook

Shares of Tata Consultancy Services ended the day nearly 2 per cent lower today as country's largest software services firm said it expects the January- March quarter revenues to be in line with the year-ago period.
After falling 3.13 per cent to Rs 2,611.80 in intra-day trade on the BSE, shares of TCS finally ended at Rs 2,643.15, down 1.97 per cent.
On the NSE, it settled 1.76 per cent lower at Rs 2,649.
TCS had on Thursday said it expects revenues in the fourth quarter of 2014-15 to be in line with trends in the same period last year even as currency continues to remain volatile.

"Q4 revenue is expected to be in line with the Q4 trends of last year's (trends)," TCS Chief Financial Officer Rajesh Gopinathan had said in an investor concall.
The firm had registered a year-on-year growth of 31.2 per cent in revenues at Rs 21,551 crore in the fourth quarter of 2013-14, while on sequential basis it was higher by 1.2 per cent.

Gopinathan had said that the company is witnessing volatility in currency, which could impact the revenues.
"(In terms of) currency, we are likely to see a lot of volatility. We are likely to see a currency impact of almost negative 275 basis points, (constant currency to rupee revenue) and negative 200 bps (constant currency to USD revenues)," he said.

In the broader market, the BSE benchmark Sensex ended at 28,844.78, down 604.17 points.