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Tata Consultancy Q4 profit up 4.2 percent, misses estimates

Reuters  |  MUMBAI 

(Reuters) - Ltd , India's top software services exporter, reported a 4.2 percent rise in quarterly net profit on Tuesday but missed analysts' estimates.

said its consolidated net profit rose to 66.08 billion rupees ($1.02 billion) in the three months to March 31, from 63.40 billion rupees in the year-ago period.

Analysts had, on average, expected a consolidated profit of 66.62 billion rupees, according to Thomson data.

TCS, which was reporting its first quarterly earnings under new Chief Executive Rajesh Gopinathan, said revenue rose 4.2 percent year-on-year to 296.42 billion rupees.

(Reporting by Sankalp Phartiyal; Editing by David Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Tata Consultancy Q4 profit up 4.2 percent, misses estimates

MUMBAI (Reuters) - Tata Consultancy Services Ltd , India's top software services exporter, reported a 4.2 percent rise in quarterly net profit on Tuesday but missed analysts' estimates.

(Reuters) - Ltd , India's top software services exporter, reported a 4.2 percent rise in quarterly net profit on Tuesday but missed analysts' estimates.

said its consolidated net profit rose to 66.08 billion rupees ($1.02 billion) in the three months to March 31, from 63.40 billion rupees in the year-ago period.

Analysts had, on average, expected a consolidated profit of 66.62 billion rupees, according to Thomson data.

TCS, which was reporting its first quarterly earnings under new Chief Executive Rajesh Gopinathan, said revenue rose 4.2 percent year-on-year to 296.42 billion rupees.

(Reporting by Sankalp Phartiyal; Editing by David Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Business Standard
177 22

Tata Consultancy Q4 profit up 4.2 percent, misses estimates

(Reuters) - Ltd , India's top software services exporter, reported a 4.2 percent rise in quarterly net profit on Tuesday but missed analysts' estimates.

said its consolidated net profit rose to 66.08 billion rupees ($1.02 billion) in the three months to March 31, from 63.40 billion rupees in the year-ago period.

Analysts had, on average, expected a consolidated profit of 66.62 billion rupees, according to Thomson data.

TCS, which was reporting its first quarterly earnings under new Chief Executive Rajesh Gopinathan, said revenue rose 4.2 percent year-on-year to 296.42 billion rupees.

(Reporting by Sankalp Phartiyal; Editing by David Evans)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22