The last quarter for most software services companies in India tends to be muted, but in the backdrop of the COVID-19 pandemic, software services providers face a double-whammy. COVID-19 has disrupted business plans of companies worldwide, especially for those in developed markets that outsource their technology requirements to Indian companies.
As TCS will be reporting its Q4 results on April 16, analysts told BusinessLine that the company is expected to post a de-growth in revenues in the 0.6-0.9 per cent range on a sequential basis (in constant currency terms). In dollar terms, TCS is expected to post revenues of $5,554 million compared to $5,586 million in Q3.
Guidance bands to widen
Esta historia es de la edición April 15, 2020 de The Hindu Business Line.
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