TCS to release Q1 numbers

IT and outsourcing giant TCS is set to report its first quarter performance and analysts believe the company will announce up to 3.5% sequential growth for the June quarter. The tepid Q1 growth is expected considering that the June quarter is forecast to be a weak one for the IT industry. The Q1 numbers of TCS is also forecast to show the effects of a rise in visa costs and appreciating rupee. TCS has proactively re-skilled 200,000 of its employees in the last three quarters to adapt to the fast changing digital landscape. Digital space accounted for 17.6% of TCS’ revenues in 2016-17. The company expects digital to make up one-third of its overall revenue by 2020.