6 hours ago
TCS Share Price Live Updates: Shares of Tata Consultancy Services Ltd. (TCS), the IT services giant, are all set to react to their June quarter numbers, that were reported after market hours on Thursday, July 10. A key highlight of the numbers was the 3.3% sequential drop in constant currency revenue, which was much higher than the 1.4% projected in the CNBC-TV18 poll of analysts. Watch this space for all the live updates.
TCS Share Price Live Updates: Shares of Tata Consultancy Services Ltd. (TCS), the IT services giant, are all set to react to their June quarter numbers, that were reported after market hours on Thursday, July 10. A key highlight of the numbers was the 3.3% sequential drop in constant currency revenue, which was much higher than the 1.4% projected in the CNBC-TV18 poll of analysts. Deal wins remained within the company's guided band, but narrowed in comparison to the March quarter. US Dollar revenue declined compared to expectations of growth, while net profit was aided by a higher other income component. The management said that the trend of delay in decision making by clients and deferment of deals continued in Q1 owing to the uncertain environment. In fact, they will be in conversation with CNBC-TV18 at 8:35 AM to talk about the road ahead for the company in financial year 2026. In response to TCS' results, the US-listed shares of Infosys and Wipro ended with losses of 4% and 5% respectively. Watch this space for all the live updates, management and brokerage commentary.
