Shares of TCS were volatile ahead of the September quarter results scheduled to be released later today.

What To Expect: The larger consensus for the IT sector results this quarter is not very cheerful. The July-September quarter has historically been a seasonally strong quarter but the results this year might not live up to that, as per market experts.

HDFC Securities in their preview note on the sector said that India’s IT “sector is expected to deliver a soft quarter.” For TCS, the brokerage firm expects revenue growth of around 1.6% sequentially but expects the IT giant to outperform on margins.

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The Numbers: Here is what the street expects from the Tata Group company’s September quarter results:

Apart from the numbers, investors would also be keenly watching the company’s decision about the proposed buyback. The company had announced a buyback last year. The size of the buyback was around ₹18,000 crore and the price was set at around 18% premium from the market price at the time.

Price Action: TCS’s share price was up 0.34% to trade at ₹3641.40 at open on Wednesday.

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