Ron Burgundy Posted July 9, 2015 Share Posted July 9, 2015 India's biggest IT outsourcing firm Tata Consultancy Services on Thursday reported better-than-expected quarterly profits on the back of growth in its key markets of the United States and Europe. The Mumbai-based company, commonly known as TCS, said in a statement that net profit for the three months to June 30 rose 12.9 percent to 57.09 billion rupees ($900.46 million), from 50.58 billion rupees for the same period last year. Analysts surveyed by Bloomberg had expected TCS to announce profits of 55.1 billion-rupees after a sharp decline in the previous quarter due to higher wage costs. View the full article Quote Link to comment Share on other sites More sharing options...
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