Tata Consultancy Services532540IT services
TCS is set to kick off Q2 earnings season after market hours, with the street expecting a muted quarter
- Expected revenue growth
- 0.5 percent
- Expected margins
- 24.2 percent
- AI revenue contribution
- 8 to 8.5 percent
- Stock decline YTD
- 30 percent
- Current trading level
- 2,000
Heard on business television between 15:18:59 - 15:21:59 IST.
- Rima said TCS is expected to report just about half a percent revenue growth in Q2, a seasonally weak quarter for IT services.
- Margins are expected around 24.2 percent, better than Q1 due to wage hikes impacting Q1, but could come under pressure once the MHP (Porsche's IT consulting arm) acquisition is integrated in Q4.
- Analysts will watch AI revenue contribution, currently about 8-8.5 percent, and competitive pricing pressure after Accenture flagged a Q4 pricing decline.
- The stock is down more than 30% from the start of the year, holding around the 2000 level, trading near 13 times forward multiple, seen as in a trading band.
- Rising US interest rates could pressure client balance sheets, leading to further cuts in discretionary IT spend.
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Source: Live TV News Channel · 8 Oct 2026
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