Companies

TCS revenue likely to be stable in Q4: CFO

| Updated on: Mar 05, 2015

Tata Consultancy Services (TCS) today said it expects revenues in January—March 2015 quarter to be in line with trends in the same period last year even as currency continues to remain volatile.

“Q4 revenue is expected to be in line with the Q4 trends of last year’s trends,” TCS Chief Financial Officer Rajesh Gopinathan said on an investor concall.

The firm had registered a year—on—year growth of 31.2 per cent in revenues at Rs 21,551 crore in the fourth quarter of 2013—14, while on sequential basis, it was higher by 1.2 per cent.

Gopinathan said the company is witnessing volatility in currency, which could impact the revenues.

“Currency, we are likely to see a lot of volatility. We are likely to see a currency impact of almost negative 275 basis points, (constant currency to rupee revenue) and negative 200 bps (constant currency to USD revenues),” he said.

Talking about geographies, he said the European region is expected to grow better than the other geographies.

“BFS (banking and financial services) are in line. Retail, manufacturing and hi—tech, we will see some amount of better growth as they are recovering from a muted Q3,” he said.

Gopinathan said the company continues to see weakness in its Diligenta, insurance and energy verticals and that the telecom is likely to be weaker than expected in the fourth quarter.

Published on March 05, 2015

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