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TCS to announce Q1 earnings on July 9 - Abr Venture Financial Services

Country's largest IT services provider, Tata Consultancy Services (TCS) is expected to deliver steady growth in revenue but there could be pressure on the margin that may impact profitability in the first quarter of FY20. Company will announce its quarterly earnings on July 9.



The constant currency revenue growth could be more than 3 percent with around 20-50 basis points cross currency headwinds, driven by strong order book and retail segment.

"We expect constant currency revenue growth of 3.2 percent and cross currency headwinds of 50bps. We expect TCS to post broad-based revenue growth and expect strong deal momentum to continue," Prabhudas Lilladher said.

Narnolia said retail is expected to look positive in Q1FY20 as more demand is seen in the industry as the business shifts away from stores/traditional retailer to the web, social media.
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