Subscribe Feed (RSS)Q2 FY2009 results - Tata Consultancy Services
October 23rd, 2008 by admin | No Comments | Filed in Results
Result highlights
* Tata Consultancy Services’ (TCS) results in Q2FY2009 were ahead of our estimates at revenue and operating profit levels. However, the net earnings growth was way below our and street expectations on the back of provisions for bad debts (from some of the financial services clients affected by the financial crisis in the USA) and much higher-than- expected foreign exchange (forex) fluctuations losses. (more…)
Tags: Q2 FY2009 results, Results, Tata Consultancy Services, TCS
