Revenue in constant currency (CC) terms grew 8.4 per cent YoY, while revenue in rupee terms came in at Rs 38,977 crore, up 5.8 per cent YoY. Revenue in US dollar terms came in at $5,517 million. The numbers missed analysts' estimates.
Analysts at ICICI Securities, for instance, had forecast revenue in US dollar terms to grow 7 per cent YoY and 1.8 per cent QoQ to $5,581 million.
"In rupee terms, TCS is expected to post a sales growth of 6.4 per cent YoY to Rs 39,225.8 crore. On QoQ basis, the numbers are expected to rise by 2.8 per cent. EBIT is estimated at Rs 9,950.2 crore, up 1.8 per cent YoY and 7.9 per cent QoQ while net profit is seen at Rs 8,266.7 crore, up 4.6 per cent YoY and 1.7 per cent QoQ. EBIT margin, on the other hand, is expected to fall by 115 bps YoY to 25.4 per cent. On QoQ basis, it is expected to increase by 121 bps," the brokerage had said.
Profit margin and business highlights
Operating margin (OPM) for the quarter under review stood at 24 per cent, while net margin came in at 20.6 per cent. Earnings Per Share (EPS) stood at 21.43, up 3.8 per cent YoY, the company said in its press release. Further, TCS also announced special dividend of Rs 40 per share and an interim dividend of Rs 5 / share.
Segment-wise numbers
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