New Delhi, Jan 12 (PTI) Shares of TCS today ended 0.5 per
cent lower after the company said its net profit slipped 3.6
per cent in three months to December.
The stock fell by 0.56 per cent to end at Rs 2,772.90 on
BSE. During the day, it dipped 1.59 per cent to Rs 2,744.
On NSE, shares of the company lost 0.50 per cent to close
at Rs 2,776.35.
India’s largest software exporter TCS yesterday said its
net profit slipped 3.6 per cent to Rs 6,531 crore in three
months to December due to margin compression and softness in
the banking and financial services sector, which is its
largest revenue segment.
The Tata Group company had reported a net profit of Rs
6,778 crore in the December 2016 quarter under the Ind-AS
accounting. In July-September 2017, its net profit stood at Rs
TCS bagging biggest-ever deal also failed to lift the
Tata Consultancy Services (TCS) today said it has bagged
a deal worth more than USD 2 billion from the US insurance
group Transamerica, marking its largest contract to date. PTI
This is published unedited from the PTI feed.