TCS falls on revenue growth worries

Tags: TCS, Companies
Shares in Tata Consultancy Services Ltd fell on Wednesday after analysts said the company has indicated revenue growth for the quarter ending in March could be weaker than the previous quarter.

The analysts cited comments made by TCS at an analyst briefing.

"At its quarterly analyst briefing, TCS highlighted that revenue growth in 4QFY14 could be weaker than 3QFY14. We are disappointed by the muted outlook for the quarter and expect constant currency revenue growth of around 2 percent, down from our 3 percent estimate earlier," said Kotak Institutional Equities in a report dated on Tuesday.

TCS shares were down 3.7 percent to 2043 rupees at 9:24 am.

EDITORIAL OF THE DAY

  • Reservations, along with economic subsidies, must go to get India moving

    A young man, in his early twenties, starts an agitation demanding reservation for the community he represents.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The China story isn’t over yet

China’s financial markets are currently in the eye of a ...

Anuja Sharma

Love yourself to love others

“There are two basic motivating forces: fear and love. When ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture