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    TCS Q2 FY19 Result Preview: Strong growth expected

    earnings | IST

    TCS Q2 FY19 Result Preview: Strong growth expected


    Tata Consultancy Services (TCS) will be the big number to watch today. Here are key expectations.

    Tata Consultancy Services (TCS) will announce its second quarter ended June 30, 2018 results at 5.15 pm on Thursday.
    The company is expected to report strong numbers on the back of improving outlook in banking, financial services and Insurance and retail sectors. TCS also witnessed a strong deal pipeline since last year which is expected to aid its bottomline in this quarter followed by 4.5 percent rupee depreciation.
    TCS is expected to report a  2.9 percent growth in its revenue on dollar terms, a constant currency growth of 4 to 4.2 percent, 150 basis points (bps) margin improvement to 26.5 percent. With this, its profits are expected to rise 10 percent in the given quarter.
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