TCS Q1 earnings preview: Q1 TCS dollar revenue growth expected to be weaker due to cross-currency headwinds

Synopsis

According to the average of estimates from ETIG and eight brokerages, TCS’ dollar-denominated revenue is expected to grow 1.9% sequentially to $6,824.5 million, compared with growth of 2.6% in previous quarter. A weaker euro and pound against the dollar will affect reported growth, although constant currency (CC) growth is expected to be above 3-4%.

ET Intelligence Group: Tata Consultancy Services (TCS) Expected to Report Moderating Sequential Dollar Revenue and Earnings Growth for June Quarter 2022 Following Cross Currency Effects Given Euro and Pound Depreciation against the dollar. In addition, the country’s largest IT exporter could continue to put pressure on its operating margin due to rising costs of recruiting and retaining employees amid

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