TCS likely to sustain topline growth in Q1 helped by deal momentum
The operating margin is expected to fall by 100-110 basis points given the salary increases during the quarter from 26.9 per cent in the previous quarter.
Synopsis
According to the average of estimates by ETIG and six brokerages, revenue of TCS is expected to grow by 3.9 per cent sequentially to $ 6,219.7 million in the June quarter after clocking a 5 per cent growth in the previous quarter
ET Intelligence Group: The stock of Tata Consultancy Services (TCS) has remained range-bound since its March quarter results on April 12 gaining a meagre 1 per cent compared with the 10.8 per cent return of the S&P BSE Sensex and 7.7 per cent gain in the ET Infotech index. The underperformance can be attributed to an absence of major triggers and the current valuation that seems to factor in the company’s growth prospects.
In this backdrop,
