TCS Q4 Result Live Today: Brokerage firms have mixed opinions regarding the fourth quarter results of Tata Consultancy Services (TCS).
TCS Q4 result today: The fourth quarter (January-March) results of India’s largest IT company Tata Consultancy Services (TCS) for the financial year 2022 are to come today. Brokerage firms have mixed views on TCS’s fourth quarter results. Analysts at brokerage firm Emkay Global say the company is likely to clock a 40 bps cross-currency headwind in the range of 2.3 per cent revenue growth in US dollar terms on QoQ basis in the fourth quarter. The brokerage expects the company’s EBIT margin to remain flat on a quarterly basis in the fourth quarter.
At the same time, brokerage firm Motilal Oswal says that despite strong demand, there may be weakness in the growth of the company. Brokerage firm ICICI Securities said that the company expects 3 per cent CC growth on QoQ basis. In addition, cross currency headwinds will lead to revenue growth of 2.7 percent QoQ in dollar terms. The brokerage expects the EBIT margin to decline by 20 bps to 24.8 per cent, while PAT is expected to improve by 2.3 per cent in QoQ due to continued increase in employee cost amid higher attrition.