TCS Earnings

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TCS will kick-off the June quarter (Q1FY22) earnings season when it reports its numbers on July 8. The near-washed out quarter, hit by the second Covid wave, may see IT, metal, and telecom sectors emerging as winners. Watch this video to know more

For the quarter under review, TCS reported a profit before tax (PBT) of Rs 9,504 crore, which was 9.6 per cent lower than in the previous quarter

The company also announced an interim dividend of Rs 5 per equity share.

TCS will hold its board meet the next day (April 16) for approval of its financial statements

"There are no large deals which have gone by the wayside and we have gained market share," says TCS CFO V Ramakrishnan

Some key things to watch out for are the firm's outlook on client budgets and spends for 2020, outlook on a challenged US/Europe capital market/banking segment and select retail performance

Industry experts were of the opinion that TCS' focus on large IT outsourcing contracts might be one of the reasons behind the uneven distribution of quarterly revenues

In the second quarter, the company's revenue and profitability were adversely affected largely owing to softness in financial services and retail verticals

The Q4 numbers will be the first quarterly figures after Rajesh Gopinathan took over as CEO & MD

Brexit comments eagerly awaited; currency volatility and pay rise to impact margins in the first quarter

Most positives seem to be factored into current valuations