With the leniency given by the regulator and the exchanges on this occasion, companies can declare results up to June 30th this time around as compared to May 31st in most years. However, TCS has announced that it will announce its fourth-quarter and FY20 results on April 16. In fact, TCS has announced that the board will meet on Apr 16th to consider and approve the annual and quarterly accounts of TCS. The board will also be recommending a final dividend, if any, for the fiscal. Such dividends will largely depend on the profitability of the company in the quarter and the collateral damage done by COVID-19. Interestingly, Wipro will announce a day earlier on April 15. Results are likely to be under pressure and the outlook could also be muted. That is because; operations of businesses across the world have been impacted by the Coronavirus outbreak that has claimed thousands of lives. It has also forced a lot of global companies to go slow on tech spending and capital spending and focus on getting businesses back on track first. This could impact the performance of most IT companies in India. The January-March quarter is expected to be a weak quarter for Indian IT companies on account of lower billings from lockdown measures in western countries (including the US and Europe) and India in wake of COVID-19 outbreak. The losses could be quite substantial considering disruption in service delivery and execution due to travel restrictions. WFH (work from home) has been hard to implement beyond a point.