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TCS surges after April-June earnings beat estimates

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Reuters MUMBAI

MUMBAI (Reuters) - Shares in Tata Consultancy Services Ltd , India's largest software services exporter, surged 3.5 percent in pre-open trading on Friday, a day after posting April-June earnings that beat estimates and maintaining an upbeat outlook.

TCS said consolidated net profit for the quarter ended June 30 rose to 38.31 billion Indian rupees from 32.8 billion rupees a year earlier. That topped the 37.8 billion rupees average of 24 analyst estimates, according to Thomson Reuters I/B/E/S.

(Reporting by Abhishek Vishnoi; Editing by Supriya Kurane)

 

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First Published: Jul 19 2013 | 9:10 AM IST

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