Sushil Finance has come out with its third quarter (October-December) earnings estimates for the information & technology sector. The brokerage house expects Tata Consultancy Services to report a 1.7 percent growth quarter-on-quarter in net profit at Rs 4,773.2 crore.
Revenues of Tata Consultancy Services (TCS) are expected to increase by 2.6 percent Q-o-Q to Rs 21,522.6 crore, according to Sushil Finance.
Earnings before interest, tax (EBIT) are likely to fall by 2.7 percent Q-o-Q to Rs 6,159.2 crore.
EBIT margins or operating profit margin is expected to be at 28.6 percent in this quarter.
Sushil Finance on TCS:
We currently have neutral view on TCS. We expect TCS to continue its outperformance and surpass the Nasscom's FY14 industry growth estimates i.e. 12.14 percent. During the quarter, we expect TCS to deliver 4 percent QoQ growth in its USD revenue.
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