TCS Q2 Results Live Updates: Shares at day's high; margins seen stable, deal wins in focus

TCS Q2 Results Live Updates:

India's largest IT services company, Tata Consultancy Services Ltd. (TCS), will be reporting its quarterly results for the July-September period after market closing hours on Thursday, October 9. All eyes will be on the management commentary on the recent layoffs, the H-1B visa issue and a host of other subjects. A CNBC-TV18 poll is anticipating TCS to report a constant currency revenue growth of 0.2% during the September quarter, in comparison to the June quarter. In case that happens, it will be time in three quarters that TCS would have reported positive constant currency revenue growth. During the June quarter, TCS reported a 3.3% drop in constant currency revenue during the previous quarter. EBIT margins for the quarter are expected to be stable, despite the impact of the wage revision, which took effect on September 1, which will be offset by the rupee depreciation. Shares rebounded in the last two sessions from their 52-week low of October 1. Watch this space for all the Live updates.