TCS Q3 preview: Experts say cross currency headwinds may hit revenue growth

For October-December period of FY18-19, the IT major is expected to post revenue growth in CC terms between 1.5 per cent-2.2 per cent QoQ.

Tata Consultancy Services (TCS) is slated to announce its third quarter results of the current financial year 2018-19 (Q3FY19) on Thursday. Third quarter is a seasonally soft three-month period, with fewer working days due to the holiday season, as well as furloughs in select verticals. Due to this, most brokerages expect Tier-1 IT companies to report tepid constant currency (CC) revenue growth of 1.8-3.2 per cent on quarter-on-quarter (QoQ) basis.

This apart, depreciation of major global currencies against the dollar is likely to hurt revenue growth by 40–70 basis points (bps) QoQ. However, rupee's depreciation against the greenback is expected