01-09-2023 05:47 PM | Source: Reuters
India`s Tata Consultancy Q3 profit misses view
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Tata Consultancy Services Ltd, India's top IT exporter, on Monday reported a lower-than-expected profit for the third quarter, as clients tightened spending in the face of a challenging macro-economic environment.
Consolidated net profit for the three months ended Dec. 31 rose to 108.46 billion Indian rupees ($1.32 billion) from 97.69 billion rupees a year earlier, the company said in an exchange filing.
Analysts on an average expected a profit of 110.46 billion rupees, according to Refinitiv data.
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