Latest News – Tata Consultancy Services (TCS) is set to announce its results for the fourth quarter ended March 2017 (Q4FY17), and full financial year 2016-17 (FY17) numbers on Tuesday. The numbers will be the first after Rajesh Gopinathan took over as the chief executive officer (CEO) and managing director (MD) on February 21, 2017 from N Chandrasekaran.
Last week, Infosys kick-started the Q4FY17 earnings season for IT companies and disappointed the Street with its guidance. Infosys gave an operating profit margin guidance of 23-25 per cent for FY18 compared with 24-25 per cent in FY17, triggering earnings estimate for FY18 across a number of brokerages.
Besides the Q4FY17 and FY17 numbers, the guidance for the next financial year and (Read More)