How COVID-19 shook up the world and set Indian IT on multi-year growth path
TCS to kick start the earnings season this week. The IT major may report a recovery in dollar revenues indicating recovery in Indian IT
October 05, 2020 / 01:25 PM IST
Tata Consultancy Services Ltd (TCS) will kick start the earnings season this week releasing its results on Wednesday. Kotak Institutional Equities and Axis Capital project a 2.4-2.9 percent sequential growth in constant currency revenue. In fact, the broking firms project a notable growth in constant currency revenues for all four frontline IT companies with HCL Technologies Ltd leading the recovery.
That will be a remarkable turnaround. During the 2007-2009 global financial crisis, the last major shock to IT services demand,...