TCS Q2 net Up 2.3% to Rs 1212.4 cr

By CROW -
Tata Consultancy Services (TCS) is to come out with second quarter numbers of FY08. According to CNBC-TV18 estimates, the company is likely to post 2.3% growth in its second quarter net profit at Rs 1212.4 crore against its Rs 1185.5 crore in previous quarter of the same year.
Revenues are expected to go up 6.9% to Rs 5563.7 crore versus Rs 5202.8 crore QoQ. Factors to watch
Could see strong volume growth but some of the recent ramp ups could reflect in next quarter
Pricing upside and utilisation gains to be offset by promotion related salary hikes
Lower forex gains to hit net margins; most estimate gain of Rs 80 crore vs Rs 107 crore gain in Q1
Profits to be optically lower due to Rs 25 crore tax write back
Likely to hire more than 10000 employees

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