Live Updates of TCS Q3 Results: Tata Consultancy Services (TCS), India’s largest IT services company, will declare its Q3FY24 results today, January 11. TCS is expected to report a tepid growth in revenue and profit after tax (PAT) for the third quarter of FY24 as against. of the prevailing weakness in discretionary spending in key markets in the West. The IT major is likely to deliver 0.5% constant currency (CC) revenue growth and 0.1% USD growth, QoQ. Strong deal-winning streak is likely to continue, with a cautious comment from TCS. Going forward, commentary on customer spending and Artificial Intelligence (AI) will be eagerly sought. Stay tuned to our TCS Q3 results live blog for latest updates:
TCS Q3 results 2023 preview: QoQ revenue, PAT may rise
“TCS is set to announce its Q3 results for FY24 on Thursday. Our projections suggest 0.70% quarter-on-quarter (QoQ) revenue growth, expected to reach ₹60,100 crore from the previous one ₹59,692 crores. We forecast a 2% increase in operating profit to ₹14,787 crore, up from ₹14,483 crore in the previous quarter. The fund could see a 2.14% QoQ increase in profit after tax, estimated at ₹11,624 crore as compared to the previous one ₹11,380 crore,” said Amit Goel, Co-Founder and Chief Global Strategist at Pace 360.
TCS Results Live: TCS to declare Q3 results today
Tata Consultancy Services (TCS), India’s largest IT services company, will declare its earnings for the fiscal third quarter ended December 2023 today, January 11. TCS Q3 results are expected to be muted with tepid growth in revenue and profit after tax (PAT). ) due to the prevailing weakness in discretionary spending in key markets in the West.
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