- TCS to announce Q2 FY25 results on October 10, 2024.
- Expected 2.2% QoQ revenue growth, driven by BSNL deal.
- Earnings press conference canceled due to Ratan Tata‘s passing.
Tata Consultancy Services (TCS) is set to release its financial results for the second quarter of FY25 today, October 10, after market hours.
Analysts anticipate a 2.2% sequential revenue growth, largely attributed to the ramp-up of significant contracts, notably with BSNL. The board will also consider an interim dividend, with shares trading marginally higher ahead of the announcement.
TCS Q2 FY25 Results Preview: Expectations and Market Impact
In light of Ratan Tata’s recent passing, TCS has canceled its scheduled earnings press conference, which was to coincide with his last rites. His legacy as a national icon has left a profound impact on the Tata Group and the broader business landscape in India. The company plans to communicate its quarterly performance via stock exchanges and will hold a call with analysts later in the evening.
Market analysts from ICICI Securities and Kotak Equities have expressed cautious optimism regarding TCS’s performance, highlighting the ongoing challenges in Europe and the need for stable performance in other markets. The stock has shown resilience, supported by strong base levels, while market expectations remain focused on the demand environment and management commentary following the results announcement.
Despite the anticipated positive performance, TCS shares face a critical resistance level at ₹4,400, which, if surpassed, could lead to further gains towards ₹4,500 and ₹4,600. On the downside, strong support is observed at ₹4,200, indicating a crucial threshold for investors and analysts alike.
As the company prepares for its quarterly announcement, TCS’s performance will not only reflect its current business strategies but also the overall health of the IT services sector in India, especially amid changing market dynamics and global economic conditions.
TCS’s upcoming Q2 results are highly anticipated, with expectations of moderate growth driven by strategic contracts, despite the backdrop of Ratan Tata’s passing. Market reactions will likely hinge on the company’s guidance and overall demand outlook.
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