TCS shares jump 2.57% after $1.45B deal ahead of earnings
Business
TCS shares jumped 2.57% on Thursday morning, with everyone watching for the company's second-quarter earnings report dropping later today.
Even though analysts expect only modest growth (thanks to some AI-related slowdowns), investors seem upbeat after TCS landed a massive $1.45 billion deal, hinting at a potentially strong quarter ahead.
Analysts: TCS 1.3% revenue 2.4% profit
Analysts predict TCS will post a small bump in revenue (up 1.3% to ₹73,225 crore) and profit (up 2.4% to ₹13,673 crore).
The company's recent big-ticket deals with brands like Porsche and Vodafone have pushed its contract value to between $8 billion and $11 billion.
Investors are also curious about what TCS leaders will say about future spending and demand as the year rolls on.