Cost cutting and a turnaround in the fortunes of the financial services sector has sparked a 28.7 percent increase in profits at India’s largest outsourcing company, Tata Consultancy Services Ltd.
Revenue for the quarter ending Sept. 30 grew 7% to $1.6 billion. “Recovery is beginning to happen for us definitely and we are seeing growth, but the growth is going to be slow,’’ said TCS chief executive Natarajan Chandrasekaran. |
TCS Profits Up 28%
