In the October-December quarter earnings of major IT companies, is expected to be sluggish. Business is often weak quarter in terms of volumes. However, the strength of the dollar against the euro and the pound will roll. As a result, growth in dollar earnings of these companies will be affected. Seen in terms of the money earning growth will be higher. The move will happen because of the rupee against the dollar.
TCS is the seasonal demand in the third quarter will have the effect of reducing the company’s earnings could drop by 2.2 per cent. Further, the company said in a meeting with analysts in Europe will look better business remains weak in business from the UK. TCS is further expected demand from the US and the company’s margin is expected to be 26-28 per cent.
Kotak Securities quarter-by-quarter, based on the company’s earnings are expected to grow 2.8 percent. Meanwhile, the dollar modest 1.2 per cent growth in income is estimated. TCS with similar growth is expected in the fall.
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