{"id":831993,"date":"2024-07-11T11:04:05","date_gmt":"2024-07-11T05:34:05","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=831993"},"modified":"2024-07-11T11:13:33","modified_gmt":"2024-07-11T05:43:33","slug":"tcs-q1-results-2024-live-updates-it-major-likely-to-report-muted-revenue-growth-margin-pressure-to-weigh","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/11\/tcs-q1-results-2024-live-updates-it-major-likely-to-report-muted-revenue-growth-margin-pressure-to-weigh\/","title":{"rendered":"TCS Q1 Results 2024 Live Updates: IT major likely to report muted revenue growth, margin pressure to weigh"},"content":{"rendered":"<p>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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-831993","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/831993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=831993"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/831993\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=831993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=831993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=831993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}