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Higher wages, lower returns from Europe seen putting pressure on profits, according to a poll of 10 brokerages Increasing US sales are likely to boost revenues of software exporters as they begin reporting financial results for the June quarter, but higher wages and lower returns from Europe will put profits under pressure. Indian information technology [...]
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Infosys,
IT Sector,
TCS - Tata Consultancy Services,
Wipro
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Tata Consultancy Services (TCS)’ Q4FY2010 results were in line with our expectations on the revenue and the operating profit fronts. However, the earnings growth was ahead of our expectations due to higher other income (aided by foreign exchange [forex] gains of Rs42 crore) and decline in the effective tax rate. The consolidated revenue (US GAAP) [...]
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Free Share Tips,
IT Sector,
TCS - Tata Consultancy Services
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