TCS Q3 Preview: Higher furloughs to weigh on sales, PAT growth; demand outlook critical

It’s likely to be another dim show for IT services bellwether Tata Consultancy Services, as demand weakness intensified in the quarter ended December due to higher-than-expected furloughs. The company will release its Q3 earnings on Thursday, 11th January.

Furloughs is a period when employees go on leave, and this typically occurs during the December quarter, particularly in the western countries.