Tata Consultancy Services is set to report earnings for the quarter ended June later today.

What To Expect: Analysts across the board expect India’s biggest IT company to deliver some good news on the revenue front. The jump in revenue is anticipated due to a combination of deal ramp-ups, extended working days and an improving macroeconomic horizon.

“Revenue growth would be driven by a ramp up in the execution of strong order signings of earlier quarters,” said Kotak Securities, in its preview note on the IT sector. The sentiment was reiterated by analysts at Sharekhan, who see the company’s revenue growing at 1.5% in CC terms due to ramp-ups of large deal wins.

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However, despite the jump in revenue, analysts expect the company’s margin is expected to remain under pressure."The wage hike is the major margin headwind for TCS," JM Financial said in its research report. “We forecast a 140 bps quarter-over-quarter decline in EBIT margin due to wage revision and likely decline in utilisation rates,” Kotak Securities added in its report.

On average TCS is anticipated to report a revenue of around ₹62,150 crore with a net profit of ₹11,975 crore for the June quarter. Several brokerages, including Kotak Securities, Sharekhan and Centrum, have TCS as one of their top picks in the top-tier IT basket.

Price Action: TCS’s share price was up 1.42% to trade at ₹3,964.70 as the markets opened on Thursday.

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