Tata Consultancy Services trumps Street, wins 7 big deals in Q1

Jul 18 2014, 08:11 IST
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Earnings before interest and tax margins in the March quarter came in at 29.15%. Reuters Earnings before interest and tax margins in the March quarter came in at 29.15%. Reuters
SummaryTCS reports a profit of Rs 5,058 crore in three months to June, a sequential decline of 4.5 pct.

15,817, net additions stood at 4,967 employees.

The IT major’s joint venture with Japanese conglomerate Mitsubishi, which is set to be operational from July 1, is expected to register much lower revenue than earlier anticipated by the company, said Chandrasekaran.

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