Tuesday, 13 October 2015

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After lower-than-expected earnings in previous four quarters and strong results by rival Infosys, TCS 's Q2FY16 numbers will be closely watched. Profit is expected to grow 6.5 percent to Rs 6,052.3 crore and revenue may increase 6.1 percent to Rs 27,230 crore on sequential basis, according to average of estimates of analysts polled by CNBC-TV18. 


Tata Consultancy Services will announce its quarterly earnings in evening on October 13. Dollar revenue growth may be 3.6 percent at USD 4,181 million in the quarter ended September 2015 and 4.2-4.3 percent in constant currency.
The near term domestic markets are likely to take cues from the second-quarter earnings season. IT major Infosys kicked off the Q2 earnings season yesterday.


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