Press Esc to close
Thursday 25 August 2016
News updated at 11:34 AM IST
Weather
Max: 29.3°C
Min : 20.8°C
In Bengaluru
Sunny day
Breaking News

TCS expects dip in margin in Q3 2013

Bangalore, Dec 18, 2012, DHNS:

India’s largest IT firm TCS, in a meeting with analysts, has indicated that it expects a slight dip in margin during third quarter of fiscal 2013, on account of lower working days and addition of freshers into the system.

In a note on Monday, Angel Broking analyst Ankita Somani wrote, “We believe TCS is likely to deliver a 3-3.5 per cent quarter-on-quarter volume growth in third quarter of fiscal 2013 as compared to 4.9 per cent in Q2 of the same fiscal because of lower working days and furloughs seen.”

The company expects hedge losses close to Rs 30-35 crore, based on the hedge positions taken and the premium that it would have charged by December 2012.

“TCS is on track to meet its full-year plan shaped in April 2012 and does not see any major project cancellations or change in customer decision making process and their budgets. The deal pipeline of the company continues to remain healthy and the overall pricing in the market is stable,” Somani added in her note.


Go to Top

Photo Gallery
A view of lighting at Sri Krishna Janamsthan temple during Sri Krishna Janmashtami festiva...

A view of lighting at Sri Krishna Janamsthan temple during Sri Krishna Janmashtami festiva...

Muslim women carrying their children dressed up as Lord Krishna and Radha for a program...

Muslim women carrying their children dressed up as Lord Krishna and Radha for a program...

Bollywood actress Sonakshi Sinha at a press conference to promote her upcoming film in Jaipur...

Bollywood actress Sonakshi Sinha at a press conference to promote her upcoming film in Jaipur...

A view of submerged temples in the flood waters of River Yamuna in Allahabad...

A view of submerged temples in the flood waters of River Yamuna in Allahabad...

Nuns distribute relief material to flood hit peoples at a camp in Allahabad...

Nuns distribute relief material to flood hit peoples at a camp in Allahabad...

A sand art of Lord Krishna made by Sand Artist Sudarshan Patnaik ahead of Krishna Janmashtami...

A sand art of Lord Krishna made by Sand Artist Sudarshan Patnaik ahead of Krishna Janmashtami...

A child dresses as lord Krishna for a school function ahead of Janmashtami, in Bikaner...

A child dresses as lord Krishna for a school function ahead of Janmashtami, in Bikaner...

The launch of Entrepreneurship Summit at IT Decode Park in Hyderabad...

The launch of Entrepreneurship Summit at IT Decode Park in Hyderabad...

Horses undergoing exercise and training by handlers at Race Course in Bengaluru...

Horses undergoing exercise and training by handlers at Race Course in Bengaluru...

A child plays in front of idols of Lord Ganesha ahead of Ganesh festival ...

A child plays in front of idols of Lord Ganesha ahead of Ganesh festival ...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523