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TCS earnings preview: Covid-19 impact on demand top concern

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MUMBAI: India’s largest IT services company Tata Consultancy Services will announce its March quarter results on Thursday. Rival Wipro on Wednesday reported 6% YoY fall in profit for the quarter and refrained from providing revenue guidance for the June quarter due to the volatile environment in light of the coronavirus pandemic.

Wipro has cited concerns over clients' demands with some deferring payments and others seeking discounts. The Indian IT market is price sensitive and amid economic uncertainty, a company that can still attract some price premium might just give the market confidence.

The top insights to watch out for from TCS' earnings today: Covid-19 impact Brokerage firm IDBI Capital in a recent report said it expects slowdown

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