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.
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