TCS Shares Going to Be High- Investors Should Keep Eye On TCS -TCS Q1 Results 2022 Is Get Set Go to Release. World class Information Technology-IT giant, India based firm TATA Consulting Services-TCS is get set ready to announce the company’s financial results of this June 2022 quarter. Due to this release of the financial results the income season of the India Inc’s will begins shortly. To know more details stay tuned with us.
TCS is ready to release its financial results so expects alerts the investors to keep monitoring the TCS’s margin outlook to place their investment in the company’s shares. TCS EBIT margins may decrease 110 BPS quarter on quarter 23.9 percentages. The reason for this decrement is that, the wage revision in both onsite and offshore, increase in retention costs and some increase in travel costs.
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As per the report from the officials, “We expect healthy revenue growth of 4 per cent quarter-on-quarter in constant currency given ramp up of strong order book won in earlier quarter. We expected lower growth of 2 per cent quarter-on-quarter in USD terms due to cross currency headwinds of 200 bps”.
TCS has 5% increases in the net profit at Rs.9, 478 crore of the company for the first quarter of the July session to this current fiscal year. When compared to Rs.9, 008 crore from the same quarter it is cleared.
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