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    Vikshita Vitthal Gujaran in News

    11-Apr-2023 10:15 AM


    TCS to declare Q4 figures tomorrow: Five things to watch out for

    TCS The January-March quarter has been full of unexpected turns for the country’s biggest information technology (IT) services firm Tata Consultancy Services (TCS) ― from the appointment of a new chief executive officer (CEO) and managing director (MD), to witnessing the emergence of a fresh global banking crisis.
    Sources in the know said that incoming CEO and MD K Krithivasan is expected to address media queries in-person for the first time, following the current CEO and MD Rajesh Gopinathan’s earnings announcements on April 12.
    So, his sudden resignation came as a shock.
    Growth will likely be led by spending on cloud and digital programs, cost take-outs and wallet share/vendor consolidation gains.
    EBIT margins are likely to improve by 40-50 basis points (bps) QoQ from Q3’s 24.5 percent, according to estimates by analysts.
    Will this deal-win momentum continue, what’s the demand outlook for FY24 – these would be worth noting.(Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management.

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