TCS Q4 earnings latest news: Kick-starting the earnings season Asia’s largest software outsourcing provider Tata Consultancy Services (TCS) reports earnings on Monday.
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The tech giant is expect to post a 2.5% jump in dollar revenue at $6.6 billion for the Jan-March quarter and the street is also pricing in a 3% jump in profit at Rs 10050 cr vs the Oct-December quarter.
What to watch for: Attrition rate which remains exceptionally high across IT services firms, client spending outlook; margin performance and outlook especially given the likely resumption in travel and supply-side pressures; and outlook on pricing.
TCS that demands a Rs 13.49 lakh crore marketcap has underperformed the market year-to-date, the stock has given a -2.5% return while benchmark Nifty is up 1.5%. The software giant however has outperformed peer stock performances (Wipro -18%, Infosys -4%) backed by a large buyback.