TCS: TCS development to remain sturdy in Q2; a agency greenback will assist

Traders must be careful for tendencies in deal wins, contract pricing, attrition, shopper budgets amid rising recessionary fears within the western economies and margin trajectory throughout the administration commentary after the end result declaration.

Synopsis

In rupee phrases, income is more likely to develop at a better charge of 4.7% to ₹55,221.9 crore helped by a 3.2% common depreciation within the rupee throughout the quarter. Internet revenue is anticipated to develop by 10.7% sequentially to ₹10,490 crore after falling by 4.5% within the earlier quarter.

ET Intelligence Group: Tata Consultancy Companies (TCS) is more likely to report an improved sequential development in income and revenue for the September quarter. The corporate’s income in rupee phrases might present larger development than the dollar-denominated income given the weak spot within the native unit, whereas the greenback realisation will likely be impacted by the unfavourable actions of the pound and the euro towards the dollar.

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BY

ET Bureau

3 minutes learn, Final Up to date:

Oct 10, 2022, 06:20 AM IST

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