Infosys surprised the Street by lowering its EBIT guidance for FY19 while announcing its March quarter (Q4FY18) numbers on Friday. Will TCS follow suit? The Tata Group company is likely to announce its results for the March quarter and the full financial year 2017-18 (FY18) on April 19.
On a year-to-date basis, the stock has rallied around 17% and has outperformed the Nifty IT index that gained over 12% during this period. By comparison, the Nifty50 index is down 0.1% YTD, ACE Equity data showed.
According to analysts, commentary on spends by BFSI and retail clients, level of outsourcing in