TCS likely to log highest revenue growth in 9 quarters on weaker rupee
ET Intelligence Group: Tata Consultancy Services (TCS) is expected to report 4% sequential growth in revenue to ₹69,912 crore for the March quarter. It would be the highest growth in nine quarters, buoyed by a 4.6% average quarterly depreciation in the rupee against the dollar, sharpest since the June 2020 quarter when the domestic currency had shown weakness of similar magnitude. Net profit may grow 2.7% to ₹13,801.4 crore. In dollar terms, revenue is likely to grow by a five-quarter high of 1...
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