TCS Q1 Results 2024 Live Updates: IT major likely to report muted revenue growth, margin pressure to weigh

TCS Q1 Results 2024 Live Updates: Tata Consultancy Services (TCS), the largest software services exporter in India, is set to announce its June quarter earnings today. The IT bellwether TCS is expected to see a muted sequential growth in revenue, but margins are likely to shrink, primarily due to wage hikes. TCS Q1 revenue is expected to rise 1.6% quarter-on-quarter (QoQ) in constant currency (CC) terms, led by deal scale up. Net profit in Q1FY25 is expected to fall 2.9%, while EBIT margin may contract 150 bps QoQ owing to wage hikes. The deal pipeline should remain healthy, while the outlook on near-term demand and pricing environment, and deal wins are key monitorables. Stay tuned to our TCS Q1 results 2024 live blog for the latest updates.