Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, witnessed a rise in share price on Thursday as the company is going to announce its second quarter earnings today. 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.

For the first quarter, the company witnessed a jump of 45% while revenues went up 22.93% to Rs 221.11 billion for the first quarter of financial year 2014-15. On quarter on quarter basis, it posted a rise of 3.9% in the net profit and 2.6% rise in the revenues.

Shares of the company are trading at Rs 2,742.00, up Rs 42.3, or 1.57% at the Bombay Stock Exchange (BSE) on Thursday at 10:38 a.m.

The scrip has touched an intra-day high of Rs 2,751.55 and low of Rs 2,724.00. The total volume of shares traded at the BSE is 37,339.