TCS estimates better results, can be firmly 2.5% in the dollar Revenue Growth

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The results of the fourth quarter of fiscal year 2018 of Tata Consultancy Services, the country's largest software company, are coming today. Experts estimate that the results of TCS can be better. In the January-March quarter, getting the new deal, the benefit of the strongness of the Healthy Momentum and the dollar in other businesses, including digital, can be seen on the result. Constant currency growth can be between 1 to 1.5 per cent and between US $ 2 and 2.5 per cent. Due to the cross currency benefit, the margins improve, while guidance is expected to be conservative. 

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Advantage of staying in the Currency Movement Fever

Jagdish Thakkar, director of Fortune Fiscal, says that TCS has achieved major deals in the last months' digital space. Demand trends are also appearing, though demand in the banking and financial and insurance segment is still dull. But there is a healthy momentum in the second business segment. By the end of this year banking and financial services are also expected to improve. At the same time, the currency movement is in the favors of the company, the correction of the dollar against the rupee will be the cross currency benefit of the company. In the fourth quarter, the company's revenue and margins are expected to show slight growth. 

Gaurang Shah, Head Investment Strategist, Geojit Financial Services, hopes to be good for revenue , says that TCS's results are expected to be better. The result of TCS will be better than Infosys. Although guidance is expected to be conservative. He said that the company will benefit from strengthening the rupee against the rupee, while the major deal will also benefit from coming in the past months. In the fourth quarter, the dollar and the constant currency revenues are both expected to be better. 

On the management commentary

Thakkar says that TCS does not offer guidance but the market will be on the management's commentary. How many new clients came in, how far they were. Thakkar says that the company's focus is expected to be on the strategy ahead. The company will try to give this signal that the business environment has improved, the company's centimeters are better. For this reason, the focus of management will be on the stability of the long term. In such a situation, the strategy of more than the number of management strategies will be on the market. 

Revenue 

Experts say that in the fourth quarter, the constant currency growth of TCS on the quarterly basis could be 1 to 1.5 percent. At the same time, the revenue growth in the dollar terms is expected to be between 2 and 2.5 percent. According to the brokerage house Kotak Securities, constant currency revenues can grow up to 1.3 percent. At the same time, according to Brokerage House idelvis, revenue growth in the dollar term could be 2.3 percent. 

According to the profit 

Brokerage house Kotak Securities, the net profit on TCS can increase 4% on quarterly basis, while on annual basis it can be 2.8% higher. According to Brokerage House idelvice, the net profit of TCS can be 3 per cent on quarterly basis and 1.8 per cent more on an annual basis. 

Read on, how were the third quarter results

In the third quarter, results were such that in the 

Third quarter, profit rose 1.3 percent to Rs 6,531 crore, while the IT revenues of the IT company rose 1.1 percent to Rs 30,904 crore. The pressure on the company due to the reduction in expenses by the clients of the banking and financial services sector remained under pressure. In the third quarter on the annual basis, TCS net profit was down 3.6%. However, there was an increase of 3.9 per cent in revenues on an annual basis. 

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