TCS Is Expected To Report Strong Topline Growth In Q1FY23 | ET Now | Latest News
7TCS is expected to report strong topline growth in Q1 FY23, however margin pressure might impair earnings. Rupee tailwinds are likely to drive revenue growth to 4.2% this qtr while CC growth is expected at 3.7%. Margins might contract 140 bps as the rupee tailwind would be offset by wage inflation and supply-side pressure. While the street is not expecting any change in guidance, the commentary on-demand environment will be key to track.
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