Business | Technology

TCS quarterly profit rises 15 per cent to $652m

As global clients continued to cut costs by sending work offshore

  • AP
  • Published: 15:23 January 15, 2013
  • Gulf News

Mumbai: Tata Consultancy Services’ profits rose 15 per cent in dollar terms to $652 million in the October-December quarter as global clients continued to cut costs by sending work offshore, the company said on Monday. India’s top outsourcer said revenues in the three months rose 14 percent from a year earlier in dollar terms to $2.9 billion. “We’ve been able to deliver a well-rounded performance across the board,” said chief executive Natarajan Chandrasekaran. “We look very confident as we go into the future.” TCS joins rival Infosys in reporting better-than-expected earnings, raising hopes of a revival in tech spending.

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