 "Earnings Preview: Top things Dalal Street will watch out for in TCS Q3")
IT major Tata Consultancy Services (TCS) will be the first IT company to announce its third-quarter earnings on Thursday. The stock was trading flat in intra-day deals today after rallying nearly 4% on Wednesday ahead of numbers.
As it is seasonally a weak quarter for IT companies due to implications of US tax reform and potential changes to visa rules in US, analysts expect revenue growth to be muted.
TCS reported a 2.1% decline in its second-quarter profit to Rs 64.46 billion from Rs 65.86 billion in the same period last year due to higher costs and sluggishness
As it is seasonally a weak quarter for IT companies due to implications of US tax reform and potential changes to visa rules in US, analysts expect revenue growth to be muted.
TCS reported a 2.1% decline in its second-quarter profit to Rs 64.46 billion from Rs 65.86 billion in the same period last year due to higher costs and sluggishness
