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TCS third-quarter profit dips on financial sector weakness


(Reuters) - Tata Consultancy Services Ltd (TCS), India's biggest software services exporter, on Thursday reported lower third-quarter profit, hit by weakness in the banking and financial services sector. TCS is the first of India's listed software services exporters to report earnings for October-December and its numbers set the tone for the results season for the $154 billion outsourcing industry.Net profit fell 3.6 percent to 65.31 billion rupees ($1.03 billion) in the three months to Dec. 31, the company said in a statement. That compared with the 65.18 billion rupees average analysts' ...

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First Published: Thu, January 11 2018. 18:07 IST