Tata Consultancy Services, India’s largest software exporters, reported a 24.1% growth in its third-quarter net profit to ₹8,105 crore compared to the year-earlier period even as on-site hiring dragged the margins down for the IT bellwether.
“I would rate this quarter growth as tepid in the short term for a strong growth in long term. The cost of manpower was bound to go up due to pressure on local hiring in the US. I expect the current quarter to be better than Q3,” Sanchit Vir Gogia, chief analyst, founder and CEO, Greyhound Research told The Hindu.
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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