India's largest IT services company's revenues rose 7.06 per cent to ₹64,988 crore from ₹60,698 crore in the year-ago period and were marginally higher compared to ₹63,575 crore in the preceding quarter.

As per a Moneycontrol poll of 10 brokerages, TCS’ revenue was projected to grow by 2.1% sequentially and 7.1% year-on-year (YoY), reaching Rs 63,938 crore. Profit after tax (PAT) was expected to rise 3.

With Tata Consultancy Services (TCS) all set to announce its Q2FY25 earnings today, brokerage firms expect a growth in revenue by 2.2% on ramp-up of key deals.

On the BSE, stock of TCS went down by 1.84 per cent to end at ₹4,150.60 per piece. In terms of volume, 57.59 lakh equity shares were traded on the National Stock Exchange (NSE) and 2.86 lakh shares exchanged hands on the BSE during the day.

According to stock market experts, TCS share price may touch ₹4,500 apiece in the near-term despite missing the market estimates in July-September 2024 quarterly results