Tata Consultancy Services (TCS) posted a disappointing performance in Q1 FY18.
In an interview to CNBC-TV18, Sandip Agarwal of Edelweiss Financial Services shared his reading and outlook on the same as well as his expectations from Infosys’ Q1 FY18 numbers.
There was some disappointment on the margin front for TCS numbers but we don’t have to tweak much except the exchange fluctuation which has happened on a quarter-to-quarter basis, he said.
He doesn’t see much reaction on the stock.
Anything above 2.5 percent growth and margins around 24 percent will be counted as good result for Infosys, he said.
“Infosys numbers will not disappoint. They will be broadly in line with estimate or slightly better,” he added.
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