Tata Consultancy Services (TCS)
will report its March-quarter earnings after market hours on Friday and analysts expect a steady quarter from the country's largest software services provider.
- The street is working with a dollar revenue growth of 2.2 percent in constant currency terms. In constant currency terms, it could be a growth of around 1.6 percent, growth will be driven by strong deal wins announced by the company in the last few quarters.
- Margins could be a bit subdued at 25.4 percent, according to a CNBC-TV18 poll which is below the company’s guidance of 26-28 percent impacted by the rupee appreciation, higher subcontracting cost.
- Profits could be down by about 1.5 percent due to lower margins and potentially lower forex gains.
- For the FY19, the company is likely to end with double-digit gains, so it could be a growth of about 11 percent.