Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, will be announcing its third quarter financial results today, Jan. 15, 2015.
Angel Broking expects the company to post 0.2% sequential growth in USD revenues to USD 3,935 million, mostly impacted by cross currency impact. In rupee terms, revenues are expected to come in at Rs 245.63 billion, up 3.1% qoq.''
''EBITDA margin is expected to show an uptick of 47bp qoq to 29.2%. Consequently, PAT is expected to be at Rs 54.24 billion, an up-tick of 2.6% qoq. We maintain our accumulate rating on the stock, with a price target of Rs 2,833,'' it added.
Shares of the company gained Rs 18.80, or 0.75%, to trade at Rs 2536.95 at the BSE (10.23 a.m., Thursday).