News Update :

TCS's market warning

Sunday, July 1, 2012

India's biggest outsource Tata Consultancy Services (TCS) warned of 'weakness' in global markets, marking latest downbeat comment to emerge from India's flagship software industry. In the March-ended quarter, TCS beat analysts forecasts with a 23 percent rise in net profit, and gave a relatively optimistic outlook. But its rivals, Infosys and Wipro, gave muted forecasts, warning of a tough year ahead due to global uncertainty and the growing anti-outsourcing sentiment in the United states. ''There is weakness in Multiple markets, both developed and developing,'' TCS chief executive N Chandrasekaran told annual general meeting of the company.

Share this Article on :


Post a Comment

If You liked this post or have any suggestions or query then you can leave your message below. We will reach you as soon as time allows because we love to hear what we have missed and what can be done just from you!

© Copyright Nepalic Blog 2015 | Nepalic Blog Network