Tata Consultancy Services (TCS) is set to announce its Q4 earnings for FY23 on April 12. Despite leading growth in Tier-1 and strong deal wins, TCS may experience a seasonally weak Q4 with muted sequential growth due to fewer workdays and furlough impact. The tech giant may miss its EBIT margin target, and its BFSI exposure amidst banks’ turmoil will be closely monitored. 

In Q3, TCS reported a net profit of ₹10,846 crore, up 11.02% YoY and 3.98% QoQ, while consolidated revenue grew by 19.11%YoY and 5.28% QoQ to ₹58,229 crore. Revenue growth in constant currency was 13.5% YoY, driven by business in North America and the UK. The company’s order book stood at $7.8 billion as of December 31, 2022, compared to $8.1 billion in 2QFY23.