TCS Q3 Results Live Updates: IT major likely to see muted earnings growth; deal wins, demand outlook in focus

Tata Consultancy Services (TCS), the largest IT services company in India, will declare its Q3FY24 results today, January 11. TCS is expected to report a tepid growth in revenue and profit after tax (PAT) for the third quarter of FY24 on account of the prevailing weakness in discretionary spending in key markets in the West.

The IT major is likely to deliver 0.5% constant currency (CC) revenue growth and 0.1% USD growth, QoQ. A strong deal wins streak is likely to continue, with a cautious commentary by TCS. Going ahead, commentary on client spending and Artificial Intelligence (AI) will be keenly sought. Stay tuned to our TCS Q3 results live blog for latest updates: TCS Q3 results today: Margins to expand QoQ on operating leverage, currency exchange benefits We expect TCS’ Q3FY24 revenue to be flat sequentially as growth was tepid due to ongoing weaknesses in discretionary spending and furloughs during the quarter.

However, this downturn is expected to be partially mitigated by the positive impact of previously secured deals that are now ramping up. Margins, on the other hand, are anticipated to witness a slight expansion QoQ, driven by the easing of supply side constraints, operating leverage, and currency exchange benefits," said Dhruv Mudaraddi, Research Analyst at StoxBox.

TCS share price to trade sideways ahead of Q3 results today "Post results, we anticipate TCS shares to trade sideways within the range of 3600 to 3750," said Amit Goel, Co Founder & Chief Global Strategist at Pace 360. TCS Q3 resuls 2024 preview: QoQ revenue, PAT may rise "TCS is set to announce its Q3 results for FY24 on Thursday.

Our projections suggest a 0.70% quarter on quarter (QoQ) rise in revenue, expected to reach 60,100 crore from the previous 59,692 crore. We anticipate a 2% increase in operating profit to 14,787 crore, up from 14,483 crore in the prior quarter. The bottom line could see a 2.14% QoQ increase in profit after tax, estimated at 11,624 crore compared to the previous 11,380 crore," said Amit Goel, Co Founder and Chief Global Strategist at Pace 360.

TCS Results Live: TCS to declare Q3 results today Tata Consultancy Services (TCS), India’s largest IT services company, will declare its earnings for the fiscal third quarter ended December 2023 today, January 11. TCS Q3 results are expected to be muted with a tepid growth in revenue and profit after tax (PAT) on account of the prevailing weakness in discretionary spending in key markets in the West..