TCS set to report Q2 results on Oct. 8
In short
Tata Consultancy Services is due to report its Q2 results on October 8. Analysts expect revenue to rise about 13% from a year earlier, but only 0.5%-0.6% from the previous quarter.
Investors are waiting for updates on new deals, including Porsche and BSNL. The actual results are not out yet, so the market reaction is still unknown.
What the reporting says
Tata Consultancy Services is scheduled to release its second-quarter results on October 8, with analysts expecting about 13% year-on-year revenue growth and only about 0.5%-0.6% sequential growth. Investors are also watching for updates on contracts and collaborations, including with Porsche and BSNL, while market sentiment stays cautious. The reporting does not say the actual results yet.
Why it matters
Tata Consultancy Services is scheduled to announce second-quarter results on October 8. Analysts cited in the summary expect about 13% year-on-year revenue growth and only 0.5%-0.6% sequential growth. Investors are also watching for contract and collaboration updates, including with Porsche and BSNL, amid cautious sentiment in IT stocks. The actual numbers are not yet reported.