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TCS’ dollar-denominated revenue is expected to increase by 1.9% sequentially to $6,824.5 million, compared to a 2.6% increase in the prior quarter, according to an average of estimates from ETIG and eight brokerages. A weaker euro and pound against the dollar will impact the reported growth, even though constant currency (CC) growth is expected to exceed 3-4%.
ET Intelligence Group: Tata Consultancy Services (TCS) is likely to report a moderation in sequential revenue and profit growth in dollar terms for the June 2022 quarter, keeping in view the depreciation in the pound against the euro and dollar after cross currency impacts. In addition, the country’s largest IT exporter may continue to show pressure on operating margins due to higher staff recruitment and retention costs amid higher levels.
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