For the first time, Tata Consultancy Services (TCS) and Infosys will announce their quarterly results on the same day. Both the IT companies are scheduled to release their fourth quarter results of the financial year 2018-19 (Q4FY19) on Friday (April 12).
Overall, IT companies are expected to deliver steady numbers, owing to ramp-up in deal wins and healthy digital growth. However, rupee appreciation, onsite talent crunch, and employee reskilling are expected to keep margins under pressure.
The top five IT players – Tata Consultancy Services (TCS), Infosys, Wipro, HCL Technologies and Tech Mahindra – are expected to clock 2–3.1 per