Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, Thursday published business update report for Q4 FY15. The company's management expect Q4 March 2015 revenue to be in-line with last year trend.
Further, retail, manufacturing and Hi-Tech segments are recovering from muted Q3 December 2014, it said.
TCS said that there will be continued weakness in Diligenta, insurance, and energy businesses. The company expects European business to grow better than average. Strength in ITIS will continue in Q4 March 2015, TCS said. The company said it is likely to see a currency impact of almost negative 275 basis points, (constant currency to rupee revenue) and negative 200 bps (constant currency to dollar revenues). TCS has kept its target EBIT margin band unchanged, the company said.
TCS' consolidated net profit rose 1.6% to Rs 53.28 billion on 2.9% growth in revenue to Rs 245.01 billion in Q3 December 2014 over Q2 September 2014.
TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services.
Shares of the company declined Rs 42.35, or 1.57%, to trade at Rs 2,654. The total volume of shares traded was 54,133 at the BSE (11.56 a.m., Monday).