Tata Consultancy Services (TCS) share price traded flat on October 10 as the the IT bellwether is set to announce its quarterly results today. At around 11.40 AM, TCS stock was trading at Rs 4,263.25 per share on the NSE, up marginally by 0.24 percent. The stock has gained after two days of consecutive fall.
TCS Q2 Results Date and Time
India’s largest software exporter will kickstart the IT industry's earnings season for the second quarter on Thursday, 10th October. TCS Q2FY25 earnings are likely to be declared post the market hours.
TCS Q2 Preview
According to a poll conducted by Moneycontrol involving 10 brokerages, TCS is expected to report a 2.1% sequential rise in revenue, reaching Rs 63,938 crore, with a year-on-year (YoY) increase of 7.1%. The company's profit after tax (PAT) is forecast to grow by 3.2% sequentially and 9.5% YoY.
Motilal Oswal’s report points to a slight drop in margins, which it attributes mainly to the BSNL deal ramp-up and investments in talent development and training.
As mentioned in its Q1 earnings, TCS plans to hire 40,000 freshers in FY25, and will resume lateral hiring after a year-long pause. The company has also enforced a five-day office work policy.
TCS share price rose 12.10 percent in 2024 so far. In the last one year, the shares advanced 17.71 percent. However, the benchmark Sensex outpaced the IT stock and gave 23.61 percent returns.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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