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TCS Quarterly Earnings and Results Live Updates: IT major Tata Consultancy Services (TCS) is all set to kickstart the third quarter earnings season today (January 9). With Q3 being a seasonally weak quarter for the sector due to Christmas and holidays in key geographies such as North America, analysts said that the company is expected to post muted revenue growth. However, per brokerage firms, the IT giant is expected to boost its margins by 20-40 bps due to operational efficiencies and favourable cost structures.
According to Bloomberg, TCS is estimated to report revenue for the quarter in review at Rs 64,754 crore, posting a modest 0.8 per cent sequential growth and the net profit is projected at Rs 12,541 crore, up 5.8 per cent QoQ.
TCS will also announce a dividend for its shareholders today. The company has already fixed the record date for dividend payment.
For TCS, the focus will remain on the management commentary on generative AI deals, the trajectory of the BSNL deal, margin impact from a weaker rupee, client spending on IT and outlook on large deals.
TCS Results Today Live Updates: Check Here Live Coverage on Tata Consultancy Services (TCS) Q3 Earnings and Results
Live Updates 08:31 (IST) 9 Jan 2025 TCS Results Live Updates: Welcome to the live blog!
Greetings. We, at FinancialExpress.com, will keep you updated on all the expectations from the street for the fiscal third quarter performance of IT major, TCS. Through this live blog, we will also bring to you the key numbers and announcements from the earnings call.
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