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.
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
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