Press Esc to close
Tuesday 21 October 2014
News updated at 3:39 PM IST
Weather
Max: 0°C
Min : 0°C
In Bangalore
Sunny day

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
Army recruits during their attestation parade at Madras Regimental Centre, Wellington, Ooty on...

Army recruits during their attestation parade at Madras Regimental Centre, Wellington, Ooty on...

In this Wednesday, Oct. 15, 2014 photo, a Kashmiri woman blocks a road during a protest demanding...

In this Wednesday, Oct. 15, 2014 photo, a Kashmiri woman blocks a road during a protest demanding...

Prime Minister Narendra Modi at the 42nd Convocation of the All India Institute of Medical...

Prime Minister Narendra Modi at the 42nd Convocation of the All India Institute of Medical...

Devendra Fadnavis hugs his mother Savita after his victory during the Assembly election in...

Devendra Fadnavis hugs his mother Savita after his victory during the Assembly election in...

Union Minister of State for Commerce and Industry, Nirmala Sitaraman launching the Online Export...

Union Minister of State for Commerce and Industry, Nirmala Sitaraman launching the Online Export...

Prime Minister Narendra Modi with BJP President Amit Shah after the party's parliamentary...

Prime Minister Narendra Modi with BJP President Amit Shah after the party's parliamentary...

In this Oct. 17, 2014 photo, a thick blanket of smoke is seen against the setting sun as...

In this Oct. 17, 2014 photo, a thick blanket of smoke is seen against the setting sun as...

In this Monday, Oct. 13, 2014 photo, an Indian woman uses her hand to put sawdust in an...

In this Monday, Oct. 13, 2014 photo, an Indian woman uses her hand to put sawdust in an...

(L-R) Asha Bhat, Miss Diva Universe 2014 2nd runner up, Noyonita Lodh, Miss Diva Universe 2014...

(L-R) Asha Bhat, Miss Diva Universe 2014 2nd runner up, Noyonita Lodh, Miss Diva Universe 2014...

An Indian man teaches yoga postures to schoolchildren at Delhi Public School in Hyderabad...

An Indian man teaches yoga postures to schoolchildren at Delhi Public School in Hyderabad...

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