AGL 37.90 Decreased By ▼ -0.25 (-0.66%)
AIRLINK 128.25 Increased By ▲ 3.18 (2.54%)
BOP 7.21 Increased By ▲ 0.36 (5.26%)
CNERGY 4.54 Increased By ▲ 0.09 (2.02%)
DCL 8.20 Increased By ▲ 0.29 (3.67%)
DFML 38.60 Increased By ▲ 1.26 (3.37%)
DGKC 79.80 Increased By ▲ 2.03 (2.61%)
FCCL 32.00 Increased By ▲ 1.42 (4.64%)
FFBL 72.87 Increased By ▲ 4.01 (5.82%)
FFL 12.21 Increased By ▲ 0.35 (2.95%)
HUBC 109.27 Increased By ▲ 4.77 (4.56%)
HUMNL 13.94 Increased By ▲ 0.45 (3.34%)
KEL 4.97 Increased By ▲ 0.32 (6.88%)
KOSM 7.40 Increased By ▲ 0.23 (3.21%)
MLCF 37.90 Increased By ▲ 1.46 (4.01%)
NBP 70.30 Increased By ▲ 4.38 (6.64%)
OGDC 186.99 Increased By ▲ 7.46 (4.16%)
PAEL 25.04 Increased By ▲ 0.61 (2.5%)
PIBTL 7.31 Increased By ▲ 0.16 (2.24%)
PPL 150.30 Increased By ▲ 6.60 (4.59%)
PRL 25.08 Increased By ▲ 0.76 (3.13%)
PTC 17.07 Increased By ▲ 0.67 (4.09%)
SEARL 80.53 Increased By ▲ 1.96 (2.49%)
TELE 7.49 Increased By ▲ 0.27 (3.74%)
TOMCL 32.55 Increased By ▲ 0.58 (1.81%)
TPLP 8.49 Increased By ▲ 0.36 (4.43%)
TREET 16.50 Increased By ▲ 0.37 (2.29%)
TRG 56.40 Increased By ▲ 1.74 (3.18%)
UNITY 27.80 Increased By ▲ 0.30 (1.09%)
WTL 1.35 Increased By ▲ 0.06 (4.65%)
BR100 10,434 Increased By 344.9 (3.42%)
BR30 30,750 Increased By 1241.5 (4.21%)
KSE100 97,552 Increased By 2977.6 (3.15%)
KSE30 30,410 Increased By 965.5 (3.28%)

India's biggest IT sourcing firm Tata Consultancy Services (TCS) on Thursday reported a 3.6 percent fall in quarterly earnings due to falling demand for its banking and financial services. The software giant said net profit for the three months to December 31 fell to 65.31 billion rupees ($1.03 billion) from 67.78 billion rupees a year earlier.
A Bloomberg survey of 19 analysts had forecast the Mumbai-based company would reduce its earnings to 65.52 billion rupees. However, TCS chief Rajesh Gopinathan said the software giant was well placed for stronger growth ahead after the company bagged a $2.25 billion outsourcing contract from television rating measurement firm Nielsen.
India's $150-billion IT sector has long been one of its flagship industries but is facing upheaval in the face of automation, a failure to keep up with new technologies and US President Donald Trump's threat to clamp down on visas. The sector has made India a top business destination by offering software development and information technology, engineering and design and other services.

Copyright Agence France-Presse, 2018

Comments

Comments are closed.