Press Esc to close
Thursday 30 June 2016
News updated at 10:08 AM IST
Weather
Max: 26.3°C
Min : 20.6°C
In Bengaluru
Rain lightly

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
Villagers looking at a one horned rhinoceros that strayed in...

Villagers looking at a one horned rhinoceros that strayed in...

Bollywood actor Irrfan Khan during the Pro Kabaddi match between Jaipur....

Bollywood actor Irrfan Khan during the Pro Kabaddi match between Jaipur....

Illuminated Mysuru Palace during the marriage....

Illuminated Mysuru Palace during the marriage....

Vice President Hamid Ansari, Congress...

Vice President Hamid Ansari, Congress...

Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Fans holds an national soccer team jersey with the name and number of Lionel Messi...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Virat Kohli interacts with children at the launch of Stepathlon Kids...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Pope Francis, left, and retired Pope Benedict XVI embrace during a ceremony...

Horse-mounted Policemen seen at a road in Kolkata...

Horse-mounted Policemen seen at a road in Kolkata...

An egret takes off in New Delhi on Tuesday...

An egret takes off in New Delhi on Tuesday...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

A typist attends a customer at a street flooded after heavy rains outside Court complex...

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