How TCS shares could react to Q1 results on Monday
On a consolidated basis, TCS recorded a net profit of ₹9,478 crore up from ₹9,008 crore in Q1FY22. Revenue jumped to ₹52,758 crore in Q1FY23 as against ₹45,411 crore in Q1FY22 and ₹50,591 crore in Q4FY22.
The quarterly earnings of Tata Consultancy Services (TCS) were bittersweet as the company missed the street's expectations due to pressure in margins and high attrition rate. Sequentially, TCS performance was dull, however, year-on-year the growth was favourable. Now, all attention will be on how TCS shares perform on Monday after the June 2022 (Q1FY23) result. TCS announced its financial performance after market hours on Friday and investors betted cautiously on the company.