[ad_1]
Tata Consultancy Services (TCS) will release its results from April-June after-sales today
IT Tata Consultancy Services (TCS) is expected to release its results for the June quarter after hours of market today. Major brokerages are expecting TCS, the country's largest IT services exporter, to post solid numbers and, in fact, drive the IT pack in terms of growth. From the company's perspective on margins to comments on winning contracts, as well as on growth prospects in the Europe and Asia Pacific regions, badysts will carefully monitor several key details reported by the IT manager.
Here's what Street Expects from Tata Consultancy Quarterly Services Results (TCS):
HDFC Securities
HDFC Securities expects TCS to record "strong growth," with Business of $ 5,063 million, up 1.8% and 10.3% Rupee revenues are estimated at Rs 33,925 crore, a growth of 5.8 percent and 14.7 percent QoQ and YoY respectively, according to HDFC Securities. The EBIT margin is expected to fall by 40 basis points to 25 percent (a target range of 26 to 28 percent) impacted by a wage increase (margin impact of -200 basis points) offset by a depreciation of the rupee and gains in efficiency. Capital
IDBI Capital predicts that TCS will post the highest growth among IT companies at 3.2% quarter-on-quarter as a result of the ramp-up of large transactions concluded in fiscal 2018. [19659007] Brokerage expects profit margin before interest and taxes on net sales) down 115 basis points impacted by higher wages, partially offset by rupee depreciation
investors should monitor the demand outlook for the 2018 calendar year Rising major business, EBIT margin outlook due to rupee depreciation, large gains and growth of large customers, and the growth of digital services and comments on the rise of recent transactions, IDBI Capital added. accumulate & call on TCS hares.
Edelweiss
Edelweiss expects TCS to lead the growth of the IT segment with revenue growth of 3.1% in a quarter quarter. Acceleration of TCS revenue is on the cards, but has already been taken into account, according to the brokerage. "We expect TCS to post sales growth of 3.1% in USD and 4.1% in cc (in constant currency) in the fourth quarter (quarter on quarter)." Investors need to be cautious company feedback on demand prospects and client budgets in the BFSI (banking, financial services and insurance), traction in digital services and growth in Europe and Asia Pacific region. digital should maintain its robust growth trajectory as the size of transactions increases.The appreciation of the rupee, the good revenue momentum and better execution should limit the decline in margins to 50 basis points, the first quarter experiencing the impact of the increase in visa fees (40 basis points) and salary increases (180 points). Edelweiss maintains a 'HOLD' call on TCS shares citing badessments expensive
[ad_2]
Source link
