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TCS shares gain in pre-open trading on revenue outlook

Source : REUTERS
Last Updated: Thu, Apr 18, 2013 05:02 hrs
Investors watch a display at a local share market in the northern Indian city of Chandigarh

Shares in India's Tata Consultancy Services Ltd (TCS) rose 2.15 percent in pre-open trade on Thursday after it painted a more bullish picture for future revenue growth than key rival Infosys .

TCS said on Wednesday net profit for the fiscal fourth quarter ended March 31 rose 22 percent to 35.97 billion rupees ($663.35 million) from the year-earlier period.

TCS added it expects revenue in the current fiscal year to increase more than the 12-14 percent sector export growth forecast by the National Association of Software and Services Companies (Nasscom).





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