Press Esc to close
Tuesday 23 May 2017
News updated at 5:47 PM IST

TCS expects dip in margin in Q3 2013

Bangalore, Dec 18, 2012, DHNS: 22:19 IST
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
Police take away women from a hotel who were arrested for their...

Police take away women from a hotel who were arrested for their...

Vice President Mike Pence, center, receives an honorary degree...

Vice President Mike Pence, center, receives an honorary degree...

President Donald Trump and Saudi King Salman pose...

President Donald Trump and Saudi King Salman pose...

Actor Dustin Hoffman, left, director Noah Baumbach,...

Actor Dustin Hoffman, left, director Noah Baumbach,...

A labourer clears water in a market after rain...

A labourer clears water in a market after rain...

Students arrive for an orientation programme regarding new admissions...

Students arrive for an orientation programme regarding new admissions...

In this photo distributed by the North Korean government, a solid-fuel 'Pukguksong-2'...

In this photo distributed by the North Korean government, a solid-fuel 'Pukguksong-2'...

Pauline Ado of France celebrates with her team after winning...

Pauline Ado of France celebrates with her team after winning...

A man is taken away by police after protesting against fox hunting...

A man is taken away by police after protesting against fox hunting...

Prime Minister Narendra Modi being presented a headgear at the...

Prime Minister Narendra Modi being presented a headgear at the...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.