Tata Consultancy Misses Estimates on Rupee, Employee Costs


Tata Consultancy Misses Estimates on Rupee, Employee CostsDespite headwinds from a volatile Indian currency and higher costs in some major markets, operating margins were “resilient,” Chief Financial Officer V. Ramakrishnan said in a statement. TCS managed to lift earnings growth above 20 percent in the previous two quarters as well despite a challenging business environment. “After two consecutive strong quarters, margins appear softer because of currency fluctuations and higher-than-expected headcount,” said Sudheer Guntupalli, a Mumbai-based technology analyst at Ambit Capital Pvt.



Tags: Science, Mumbai, Tcs, Ramakrishnan, Tata Consultancy Misses Estimates, Sudheer Guntupalli

Source:  https://finance.yahoo.com/news/tata-consultancy-misses-estimates-rupee-134031926.html