The IT services firm is seen reporting a 14 percent increase in consolidated revenue on slowing deal closures and loss of wallet share among its top clients.
On a YoY basis, the profitability of capital goods companies is expected to be flat, but softening commodity prices and operating leverage could lead to an improvement sequentially. The pack could witness moderate growth in net profit on a yearly basis, most analysts believe.
TCS revenues are seen growing 7.6 per cent YoY (1.8 per cent QoQ) to $7,202 million in dollar terms. In CC terms, revenue growth is likely to be at 0.9 per cent QoQ, implying 90bp of currency tailwind, a brokerage said.