TCS will address the media in a press conference at 5:30 pm IST and the interaction would be telecast live on various business news channels and also streamed live on its website and YouTube channel.
TCS share price: UBS said that the market is not completely taking into account the impact of the large deal ramp-up and scope of margin improvement through utilisation, pyramid restructuring etc.
TCS, Infosys: The consensus 12-month forward earnings growth estimate for the two IT firms is currently at 11 per cent on expectations of large-deal led growth acceleration.
Infosys, TCS, Wipro, LTI Mindtree and TechMahindra were the top gainers on NSE in Friday trade.TCS reported better than expected earnings, while Infosys earnings
TCS Q3 results: Nomura India expects revenue for TCS to decline 0.4 per cent sequentially in constant currency terms. It expects a 0.7 per cent positive revenue contribution from BSNL project and negative impact from furloughs.