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India IT giant TCS sees profits jump on pandemic demand

The country's largest software services firm TCS on Friday reported a 7.

TCS and rivals, Infosys and Wipro, have been winning more large contracts from businesses during Q3. Tata Consultancy Services (TCS) on Friday reported a 7.2 per cent jump in its profit for the final quarter of 2020, as Indias top software services firm benefitted from greater demand for its cloud services during the Covid-19 pandemic. ( The results kick off Indias corporate earnings season for the December quarter, a seasonally weak period for the software industry, but one which analysts reck...

Tata Consultancy Services (TCS) on Friday reported higher December-quarter profit and predicted stronger growth ahead, as India's top IT firm benefits from greater demand for its cloud services during the COVID-19 pandemic.

While the companys earnings beat analysts expectations on most counts, it did not surprise the Street that the company announced a strong earnings performance despite the December quarter, traditionally, being the weakest for IT companies.

TCS reported its best-ever growth for the Dec quarter in nine quarters on a sequential basis.Large deal wins remained strong at $6.8 bn, and strong growth in the near-term is expected

Edelweiss expects TCS to report about 4.5-5 per cent growth in dollar revenue and 4 per cent expansion in constant currency (CC) growth -- all this on a sequential basis.

Information technology (IT) major Tata Consultancy Services (TCS) will kick off the December quarter earnings season for large-cap firms on Friday, January 8, when it will announce its quarterly numbers. The Tata Group company is likely to post a robust performance for the third quarter of the financial year 2021 (Q3FY21) on the back of strong demand in cloud adoption, tailwinds of large digital deals, project ramp-up and lower furloughs, believe analysts. The board will also consider the dec...

COVID-19 opens up outsourcing opportunities in Europe for Indian IT companies Among countries, the majority of these new information technology “mega-deals”, the report said, took place in Germany. January 06, 2021 / 09:03 AM IST The European market, usually kept away from outsourcing, has become a new market for Indian information technology companies amid the coronavirus pandemic. Big Indian IT companies such as Wipro, Tata Consultancy Services (TCS) and Infosys have won large deals o...

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