TCS Q4 earnings figures fall short of analyst expectations, profit drops by 2.5% on a QoQ basis

Asia’s largest software services firm, Tata Consultancy Services Ltd (TCS) reported declining revenues and profit for the fourth fiscal quarter ending March’17. Over the past three months, TCS revenues stood at ₹29,642 crores ($4.45 billion), registering a fall of 0.3% compared to the previous quarter. In the previous quarter, TCS had filed revenues of ₹29,735 crores.

The profits for the IT solutions provider fell by 2.51%, eventually to ₹6,608 crore in the three months, compared...

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