TCS Q2 Results LIVE Updates: India’s largest IT Services company Tata Consultancy Services (TCS) is set to report its second quarter results after market hours today and the street is anticipating yet another subdued quarter. Growth of the AI vertical, steps taken for growth, deal wins, margin outlook are some of the key things to monitor from the company. Watch this space for all the LIVE updates.
TCS Q2 Results LIVE Updates: India’s largest IT services provider Tata Consultancy Services Ltd. (TCS) will be reporting its September quarter results after market hours on Thursday, October 8. A CNBC-TV18 poll expects the Tata Group bellweather to report a 0.4% sequential growth in its US Dollar revenue, while rupee revenue is seen rising 1.3% to ₹73,225 crore. Earnings Before Interest, and Tax, (EBIT) is seen at ₹17,738 crore, while margins may expand by 20 basis points. Net profit for the quarter may rise 2.4% from the previous quarter to ₹13,673 crore. Comparable profit for the first quarter is seen at ₹13,849 crore, excluding the exceptional loss of ₹668 crore due to a legal claim settlement. Clients are continuing to defer non-critical commitments and are prioritizing short-term ROI programs, vendor consolidation and cost take-out deals. For TCS, constant currency revenue growth is seen between 0.5% to 0.6% on a sequential basis. Deal wins are seen between $9 billion to $10 billion, while AI revenue growth will also be monitored. That figure in Q1 stood at 8.5%. Recognition of Porsche mega-deal, margin outlook, AI impact are some of the key things to watch. Stay tuned to this space for all the LIVE updates from TCS’ Q2 results.