TCS Q1 Result

Growth, margin recovery expected by 4th quarter but valuations high

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

From IT companies facing problems in hiring fresh candidates, Voda defaulting on June payments, TCS reporting fall in net profits, here are the top headlines on Friday morning

A meeting of the Board of Directors of TCS Limited is scheduled to be held on Thursday, July 9, 2020

TCS reported steady numbers for the quarter under review; however, the company's revenue in dollar terms missed the Street estimates while a stronger rupee ate into its operating margins.

Operating margin came in at 24.2 per cent for the reporting quarter impacted by rupee gains and the higher wage bills

Analysts on average had expected the company to post a profit of Rs 7,824 cr

For the quarter under review, TCS is likely to post revenue growth of 2.8 per cent - 3 per cent in constant currency (CC) terms on quarter-on-quarter (QoQ) basis.

The total revenue stood at Rs 342.61 billion