TCS Q4 Preview: Revenue may rise up to 18% YoY; EBIT margin seen at 25%

Brokerages expect TCS deal wins to be strong in a broad range of $7-10 billion in Q4, while hiring is likely to be muted

IT giant Tata Consultancy Services (TCS) will kickstart the March quarter (Q4FY23) earnings season on Wednesday, April 12. The company is expected to report soft revenue growth (in constant currency/cc terms) over the preceding quarter due to seasonal weakness and delayed decision making by clients in the US and Europe amid a downbeat macro environment.