TCS results on Tuesday: Will Q1 numbers hold good news for IT?

June quarter earnings sessions kicks off on Tuesday. IT majors Tata Consultancy Services and InfosysNSE -0.23 % will report their numbers on July 9 and July 12, respectively.

There are expectations that margins of top five IT players will remain under pressure this quarter due to wage hikes, high attrition rates, visa cost and a stronger rupee.

Analysts say earnings estimates have somewhat moderated across the board at current currency levels due to softness in June quarter margins. The rupee appreciated by around 0.50 per cent for the quarter ended June, 2019.
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