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Tata Consultancy Services posts dip in third-quarter profit

Reuters 

(Reuters) - Tata Consultancy Services Ltd (TCS), India's biggest software services exporter, posted a 3.6 percent decline in third-quarter profit on Thursday, hurt by a dip in spending by banking and financial services clients.Net profit attributable to shareholders fell to 65.31 billion rupees ($1.03 billion) in the quarter ended Dec. 31 from 67.78 billion rupees in the same period a year earlier, TCS said. http://bit.ly/2EwdNXSAnalysts on average expected the Mumbai-headquartered company to post a profit of 65.18 billion rupees, Thomson Reuters data showed. Income from operations rose about ...

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First Published: Thu, January 11 2018. 17:37 IST
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