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Tata Consultancy Services Ltd (TCS.NS)

TCS.NS on National Stock Exchange of India

2,295.35INR
7 Aug 2020
Change (% chg)

Rs-12.75 (-0.55%)
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Thu, Jul 9 2020

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TCS profit misses estimates, pandemic hits client spending

BENGALURU Indian software company Tata Consultancy Services Ltd (TCS) posted a near 14% drop in first-quarter profit on Thursday, that also missed estimates, as the COVID-19 pandemic forced its clients to cut spending on IT services.

UPDATE 1-India's TCS profit misses estimates, pandemic hits client spending

BENGALURU, July 9 Indian software company Tata Consultancy Services Ltd (TCS) posted a near 14% drop in first-quarter profit on Thursday, that also missed estimates, as the COVID-19 pandemic forced its clients to cut spending on IT services.

India's TCS Q1 profit falls 14%, misses estimates on virus hit

BENGALURU, July 9 Indian software behemoth Tata Consultancy Services Ltd (TCS) reported a lower first-quarter profit on Thursday, missing estimates, as the COVID-19 pandemic forced its clients to cut spending on IT services.

BRIEF-Tata Consultancy Services Says Location Independent Way Of Working Gaining Traction

* SAYS REVENUE IMPACT OF COVID-19 PANDEMIC IN QUARTER PLAYED OUT BROADLY ALONG LINES CO HAD ANTICIPATED AT START OF QUARTER

BRIEF-India's TCS Gets Letter From Markets Regulator Warning On Disclosures

* GETS LETTER FROM MARKETS REGULATOR WARNING CO TO BE CAREFUL WITH DISCLOSURES

BRIEF-Sanofi: FDA Grants Approval For Dupixent (dupilumab)

* SANOFI: FDA APPROVES DUPIXENT® (DUPILUMAB) AS FIRST BIOLOGIC MEDICINE FOR CHILDREN AGED 6 TO 11 YEARS WITH MODERATE-TO-SEVERE ATOPIC DERMATITIS

BRIEF-Tata Consultancy Services Says Managerial Remuneration For FY20 Down By 15%

* DIRECTORS DECIDED TO MODERATE EXECUTIVE REMUNERATION FOR FY 20 TO CONSERVE RESOURCES

Infosys suspends FY revenue forecast on coronavirus blow

(This April 20 story corrects company name to TCS in the fourth paragraph)

Tata Consultancy shares rise on deal wins, hiring promise

BENGALURU Shares of Tata Consultancy Services Ltd rose as much as 7.9% on Friday as investors shrugged off the software service firm's warning on coronavirus risks to focus on sales wins and its promise to push ahead with hiring this year.

BUZZ-Indian IT stocks fall as Wipro flags coronavirus challenges

** Top Indian IT exporters slip after sector heavyweight Wipro flags uncertainties and challenges due to the coronavirus outbreak, suspends qtrly revenue guidance

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