Tuesday, April 22, 2008

TCS seen reporting decent revenue growth in Q4 March 2008

As per earnings preview of five prominent brokerages, IT giant Tata Consultancy Services (TCS) is seen reporting a between 3.1% fall to a 5.5% growth in its consolidated net profit as per US Generally Accepted Accounting Practices (GAAP) at between Rs 1290.10 crore to Rs 1403.60 crore in Q4 March 2008 over Q3 December 2007. The five brokerage expect a between 3.3% to 5.3% growth in revenue at between Rs 6117.90 crore to Rs 6237 crore in Q4 March 2008 over Q3 December 2007.

Analysts say the key things to watch out is future outlook on pricing and volume growth that the TCS management may give at the time of announcing the Q4 results. TCS unveils Q4 results today, 21 April 2008.

Last week, IT bellwether Infosys said it saw significant growth opportunities in the medium to long term. It, however, may face short-term challenges due to global economic uncertainties

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