TCS Q1 preview: Covid-19 pandemic to hit earnings; Q2 outlook eyed

The Street, analysts believe, appears to be focusing on recovery path which is also visible in the strong rally in the sector.

Tata Consultancy Services (TCS), that is slated to announce its financial results on Thursday, July 9 will kick-off the April – June 2020 earnings season for information technology companies. It will be the first large-cap company to do so for the quarter that was marred by the Covid-19 induced national lockdown.

The company, according to analysts, may post up to 7 per cent decline in revenue in constant currency (CC) terms on a sequential basis owing to anticipated pressure in travel, transportation, energy, retail, and manufacturing segments due to the ongoing Covid-19 crisis. However, stable performance in financial and life