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Earnings

TCS Q1FY21 Earnings: Here's what to expect

Updated : July 09, 2020 08:47 AM IST

The Q1 earnings season kicks off today with IT giant Tata Consultancy Services (TCS) set to report its numbers later in the day. Most of the IT stocks have had a good run and are back to their pre-COVID levels. Both TCS, as well as Infosys, have recovered 50 percent from their 52-week lows.

The key reason is that stocks like TCS and Infosys are seen as the big beneficiaries of work-from-home (WFH) that could turn out to be the new normal. TCS, in particular, benefits on account of its large size and diversified base.

However, it is going to be a weak quarter for the firm as the revenue is expected to decline. Revenues, according to CNBC-TV18’s poll, could be down about 5.7 percent. In constant currency terms, the revenues could see a decline of 5 percent on a quarter-on-quarter (QoQ) basis which will be worse than what was seen in Q4.

CNBC-TV18’s Reema Tendulkar gives more details
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