TCS Q1 show on analysts’ radars

All eyes will be on Tata Consultancy Services, as its Q1 results for 2014-15 will be announced on Thursday. Though TCS had indicated that growth should be in line with estimates, analysts and investors have kept their expectations high. Analysts expect TCS to report a 1.7-2.3 per cent sequential growth in revenue for the April-June quarter and a decline in net profit of between 7 and 9 per cent. Analysts’ forecasts have largely been correct in case of Infosys, which reported sequential growth of 2 per cent.