Sunday, July 13, 2014





TCS quarterly profit up 15 percent to $652M


March 17. 2013 2:54AM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


b9f9a60ebff5465bbb14955dd249efbd.jpg



(AP) Tata Consultancy Services says its profit rose 15 percent in dollar terms to $652 million in the October to December quarter as global clients continued to cut costs by sending work offshore.


Revenues for the quarter rose 14 percent from a year earlier in dollar terms to $2.9 billion.


The better-than-expected results from India's top outsourcer come despite a slump in business from continental Europe. TCS said more of its clients sent their employees on longer furloughs this year to cut costs at year's end.


TCS chief executive Natarajan Chandrasekaran said Monday he expects the good momentum to continue.


TCS joins rival Infosys in reporting higher-than-expected earnings, raising hopes of a revival in tech spending.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds