Tata Consultancy Services (TCS) is trading lower by 1.3% at Rs 1,440 in early morning deals after reporting 1.9% quarter-on-quarter growth in its consolidated net profit at Rs 3,597 crore for January-March quarter (Q4). Analysts, on an average, had expected profit of Rs 3,563 crore from the country's largest software exporter.
The consolidated revenues grew 2.2% at Rs 16,430 crore on sequential basis, TCS said in a press release.
Commenting on the future performance, N Chandrasekaran, CEO and MD, TCS said "Looking ahead, we remain confident that 2013-14, will bring greater opportunities as technology plays an increasing role in reimagining business globally.”
“Our deal pipeline is strong, we see a strong momentum. We see traction both in 'run the business' as well as discretionary spend ...This fiscal is going to be better than FY13. We will be ahead of Nasscom numbers in constant currency,” he said.
The stock opened at Rs 1,488 and hit a low of Rs 1,435 on NSE. A combined around 600,000 shares changed hands on the counter on NSE and BSE.
The consolidated revenues grew 2.2% at Rs 16,430 crore on sequential basis, TCS said in a press release.
Commenting on the future performance, N Chandrasekaran, CEO and MD, TCS said "Looking ahead, we remain confident that 2013-14, will bring greater opportunities as technology plays an increasing role in reimagining business globally.”
“Our deal pipeline is strong, we see a strong momentum. We see traction both in 'run the business' as well as discretionary spend ...This fiscal is going to be better than FY13. We will be ahead of Nasscom numbers in constant currency,” he said.
The stock opened at Rs 1,488 and hit a low of Rs 1,435 on NSE. A combined around 600,000 shares changed hands on the counter on NSE and BSE.
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