TCS has bagged a Rs 784 crore outsourcing order from Sun Life Financial of Canada.
TCS is confident of bringing in industry-leading numbers, despite soft third quarter results
Most positives seem to be factored into current valuations.
'We are at a time and position that we do not need higher number of visas.'
Tata Consultancy Services has become the second-largest insurance business process outsourcing provider in the UK, after winning two deals worth 250 million pound (around Rs1,800 crore).
The talent gap in the industry is huge, says N Chandrasekaran, MD & CEO, TCS.
'We expect realisation will be flattish for the rest of the fiscal (year).'
Bloomberg estimates revenue at Rs 25,328 crore, up 4.6per cent sequentially and EBITDA margin of 27.2per cent
Currency volatility to have negative impact of 275 bps
Analysts predict TCS's outlook to be stable.
Analysts expect the company to post 6.2% sequential growth in rupee revenue.
Some analysts believe underperformance of the TCS stock may continue.
While most analysts remain positive on TCS and Infosys, they are cautious on Wipro.
A 150 basis points fall in realisations too weighed on the top-line.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
The Ebitda margin, too, was lower than the expected 29.1 per cent.