tcs q3 results: TCS Q3 Results Live Updates: PAT, revenue to remain flat; high furloughs to impact growth

TCS Q3 Results Live Updates | Preview by Dhruv Mudaraddi, Research Analyst, Stoxbox

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. We also expect the deal win momentum to sustain, particularly driven by cost optimization initiatives. Further, we would be looking out for comments on the demand outlook in the US (BFSI sector), UK, and Europe, any signs of recovery in discretionary projects, and margin outlook.