IT bellwether Tata Consultancy Services (TCS) is slated to announce its September quarter earnings today. Majority of the analysts expect IT companies to report healthy numbers led by the ramp-up of recent large deal wins, improving the macro environment, and strong seasonality.
TCS posted better-than-expected results for the June quarter of FY19. The IT services firm posted 23.5 per cent rise in its consolidated net profit at Rs 73.62 billion, while in sequential terms, the net profit grew 6.3 per cent.
The firm is expected to continue with its good performance in the second quarter of FY19 as well. Here's