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TCS had actually reported a net profit of Rs 9,008 crore in the June quarter, up 28.5 per centIT shares remain in the spotlight in a strong market ahead of the TCS Q2 results set up post market hours.
India's biggest IT services company will be the first to announce its 2nd quarter profits on Friday.
Infosys, TCS, Tech Mahindra and HCL Tech constitute four of the leading six Sensex gainers for the day, signing up gains of 1-2 percent each, in a firm market.The markets will carefully track the company's profits during the quarter, and also acutely see the offer pipeline and management's commentary about the business and business environment, according to analysts.
TCS does not provide a formal profits development guidance, unlike other IT companies.TCS had actually reported a net revenue of Rs 9,008 crore in the June quarter, up 28.5 per cent compared to Rs 7.008 crore in the matching quarter a year earlier, driven by greater demand for cloud services and robust development in its banking and finance business.The company's profits from operations grew 18.5 per cent to Rs 45,411 crore in the June quarter and overall income increased to Rs 46,132 crore.At 1:05 pm, TCS shares were trading greater by 1.5 percent at Rs 3952.75 on the BSE as against the 0.5 percent increase in the benchmark indices.
Business
Information Technology Shares, Infosys, TCS, Tech Mahindra and HCL Tech, Rally Ahead Of TCS Results
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