Tata Consultancy Services (TCS), country’s largest software services provider, will declare its Q1 Results for FY 2017-18 on Thursday, July 13, 2017.
Normally the June quarter is always a strong quarter for TCS but that is not likely to happen this time around.
According to media reports, domestic IT companies may report soft financial results for the first quarter ended June 30, 2017 on account of visa expenses, wage hikes and appreciating rupee.
Analysts expect the profit of the company to fall 6.2 percent sequentially to Rs 6,195 crore and revenues may decline 0.2 percent to Rs 29,580 crore compared with previous quarter.
Key things to watch out for in TCS Q1 FY 2017-18 Results :
- Management’s qualitative comments on demand environment for FY18
- Recovery in BFS
- Progress on large deals in the insurance vertical
- Comments on margin range 26–28 percent
- Interim dividend payout if any. TCS had indicated its intention to payout at least 80 percent of free cash flow.
Live Telecast of TCS Q1 FY 2017-18 Results :
Live telecast of TCS Q1 FY2017-18 Results will be available on CNBC TV18, Bloomberg TV and other major Finance news Channels in India.
Live Streaming of TCS Q1 FY 2017-18 Results :
TCS Q1 FY 2017-18 Results will also be available on –