Tata Consultancy Services (TCS) is expected to open the September-quarter earnings season on a cautious note, with analysts seeing modest sequential revenue growth but better year-on-year numbers helped by a low base and margin support. The IT major will announce its Q2 results on October 8, with the board also expected to consider a second interim dividend.
According to the average of seven brokerages, TCS revenue is expected to grow about 13% year-on-year, while profit is likely to rise around 9%. On a sequential basis, however, growth is expected to remain soft, with most brokerages pencilling in constant-currency revenue growth of 0.5-0.6%.
