Tata Consultancy Services Ltd has a tradition of burning its fingers trying to provide qualitative guidance to investors, rather than quantitative ones that peers such as Infosys Ltd and Wipro Ltd provide.
Wipro said on Wednesday that it is withdrawing its practice of providing quarterly revenue guidance because of all the uncertainty covid-19 has caused.
But TCS has stepped up on the task of providing indicators. It said the percentage drop in the near term could be like that during the global financial crisis (GFC), or even worse.
This implies huge declines in revenues in the June and September quarters on a year-on-year basis. And then it added that year-on-year growth rates could begin to look flattish in the December and March