tcs: TCS Q3 margins may rise on rupee fall, efficiency
Tata Consultancy Services (TCS) is expected to report a 12.4% growth in profit and a 16.7% growth in revenue for the third quarter, according to an ET poll of analysts.
TCS will report results for the October-December period on Monday.
In a quarter of higher furloughs (holidays), India’s largest IT services company by revenue is expected to report a margin improvement of 40 basis points sequentially to about 24.4% led by higher efficiency, lower attrition and rupee depreciation.
“This quarter is expected to be hit by…