Expect TCS Q1 net to grow 5.5% at Rs 3794.6 cr: Kotak Sec

Kotak Securities expects Tata Consultancy Services to report a 5.5 percent degrowth quarter-on-quarter (growth of 15.7 percent year-on-year) in net profit at Rs 3794.6 crore.

July 18, 2013 / 13:39 IST

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Kotak Securities has come out with its first quarter (April-June) earnings estimates for technology sector. The brokerage house expects Tata Consultancy Services to report a 5.5 percent degrowth quarter-on-quarter (growth of 15.7 percent year-on-year) in net profit at Rs 3794.6 crore.

Revenues are expected to increase by 7.5 percent Q-o-Q (up 18.8 percent Y-o-Y) to Rs 17665.3 crore, according to Kotak Securities.

first published: Jul 18, 2013 01:39 pm

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