Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, will be announcing its second quarter financial results today, Oct. 16, 2014.

Angel Broking expects the company to post 4.5% sequential growth in USD revenues to USD 3,859 million, mostly volume lead. In rupee terms, revenues are expected to come in at Rs 234.95 billion, up 6.3%
qoq.

''EBITDA margin is expected to show an uptick of 136bp qoq to 30.2%. Consequently, PAT is expected to be at Rs 54.14 billion, a up-tick of 7% qoq. We maintain our neutral rating on the stock,'' it added.

Shares of the company gained Rs 42, or 1.56%, to trade at Rs 2,741.70. The total volume of shares traded was 31,945 at the BSE (10.04 a.m., Thursday).