TCS Q2FY20 results on Thursday: Will the IT major deliver a surprise?

At the bourses, TCS has underperformed the market by slipping nearly 6 per cent as against 2.67 per cent decline in the Nifty50 index

Tata Consultancy Services (TCS), the IT bellwether, is set to release its results for the July-September quarter of the financial year 2019-20 (Q2FY20) on Thursday, October 10. While most analysts are still bullish on the IT sector, those at Nirmal Bang Securities have a completely different stance. The brokerage house terms the quarter under review as 'make or break period for TCS and Infosys'.

According to the brokerage firm, there could be some modest disappointment in store on both revenue and margin fronts for IT companies, especially in the second half of FY20 (H2FY20).

Slower economic growth in the US, Europe and