Europe Helps Asia’s Biggest Software Exporter to Profit Beat
This article is for subscribers only.
Tata Consultancy Services Ltd. profit surpassed analysts’ estimates amid increased demand in Europe for software services.
Net income rose 13 percent to 57.1 billion rupees ($900 million) in the quarter ended in June, the Mumbai-based company said Thursday. That compares with the 55.1 billion-rupee median of 27 analyst estimates compiled by Bloomberg.