TCS Q3 earnings: No surprise likely, currency math to dent dollar revenue

NEW DELHI: IT heavyweight Tata Consultancy ServicesNSE -0.23 % will release its third quarter earnings on Thursday. Brokerages expect the October-December quarter numbers for TCS to come out steady. 

Centrum Broking expects TCS’ revenues to grow 1.8 per cent QoQ in constant currency (CC) terms and USD revenues to grow 1 per cent as cross-currency headwind is likely to cut it by 80 bps. 

“Ebitda margin may be at 28.5 per cent for Q3FY19, which represents a 60 bps improvement QoQ  ..