TCS forecasts double-digit revenue growth after record profit [Reuters]
Infosys Limited American Depositary Shares (INFY)
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Source: Reuters
TCS forecasts double-digit revenue growth after record profit | Reuters 3 Min Read MUMBAI (Reuters) - India’s top software services exporter Tata Consultancy Services Ltd (TCS) has forecast double-digit revenue growth in this fiscal year, driven by strong demand for digital services and healthy spending by key clients. TCS Chief Executive Rajesh Gopinathan’s decision to give a forecast on Thursday was a rare move for the Mumbai-headquartered company which, unlike rivals Infosys and Wipro, does not typically give revenue guidance. “In a one-time departure from our typical stand, I want to share that we now have numbers on the board and the momentum to ensure double-digit trajectory continues for the rest of the year,” Gopinathan told reporters at a news conference. TCS ended the fiscal year to March with year-on-year revenue growth of 9.3 percent in constant currency terms. Its forecast would mean TCS expects to beat the 7-9 percent growth estimates for the industry as a whole in the y
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