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    Vikshita Vitthal Gujaran in News

    10-Oct-2022 11:13 AM


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    TCS Q2 preview: Will margins improve? Key things to watch out

    IT-giant, Tata Consultancy Services (TCS) will be in focus on Monday ahead of their September 2022 quarterly result.
    Majority of experts believe TCS to continue its revenue growth momentum while operating margins are likely to improve from the wage hike impact that was seen in Q1.
    In the October 10 meeting, TCS board of directors will also consider declaration of second interim dividend to the equity shareholders.
    In Q1FY23, TCS paid the first interim dividend of ₹8 per Equity Share for the current financial year.
    PAT is expected to improve by 6.2% QoQ." According to ICICI Direct, demand outlook in key verticals like BFSI, Retail CPG, and margin outlook for FY23 to be key things to watch in the earnings.
    ICICI Direct analysts expect TCS revenue to be at ₹54,916 crore in Q2FY23 up by 17.2% yoy and 4.1% qoq.

    Source - Mint