TCS to announce Q2 FY18 result today

EBIT may just develop 0.8% to Rs 7,467 crore and margin may just expand 110 basis points to 24.5% in Q2 FY18 on QoQ basis.

IT heavyweight, TCS is going to announce its July-September quarter revenue for the financial year 2018.As per street expectation, net profit of the corporate may increase 5.7% at Rs 6,284 crore for Q2 FY18.

Revenue likely to develop upward push 3.4% to Rs 30,585 crore on QoQ basis.

Dollar revenue is expected to grow 3.1% to $4,735 million.

EBIT could grow 0.8% to Rs 7,467 crore and margin may make bigger 110 basis points to 24.5% in Q2 FY18 on QoQ basis.

Tata Consultancy services Ltd is at the currently trading at Rs 2522, up by way of Rs 21.5 or 0.86% from its previous closing of Rs 2500.5 on the BSE.

The scrip opened at Rs 2501.05 and has touched a high and low of Rs 2531.95 and Rs 2501.05 respectively. The stock is at the moment trading above its 50 DMA.

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