TCS Q1 preview: Covid-19 pandemic to hit earnings; Q2 outlook eyed

Tata Consultancy Services (TCS), that is slated to announce its financial results on Thursday, July 9 will kick-off the April – June 2020 earnings season for information technology companies. It will be the first large-cap company to do so for the quarter that was marred by the Covid-19 induced national lockdown.

The company, according to analysts, may post up to 7 per cent decline in revenue in constant currency (CC) terms on a sequential basis owing to anticipated pressure in travel, transportation, energy, retail, and manufacturing segments due to the ongoing Covid-19 crisis. However, stable performance in financial and life science verticals may provide some cushion.