TCS EARNINGS ON JULY 12

Brokerage houses expect TCS' 2.5-3% QoQ growth in USD revenues

Motilal Oswal expects TCS to continue outperforming peers in 1QFY13, with USD revenue growth of 3% QoQ to USD 2,744 m; and volume growth of 4.1% QoQ, offset by cross-currency headwinds. PAT estimate stands at Rs 32.1 bn, +9.4% QoQ. Watch out for commentary around BFSI, margin performance and hiring guidance