Tata Consultancy Services quarterly profit up 4.7 pct to $261M; Indians head home to cut costs
TCS quarterly profit up 4.7 pct to $261.2M
MUMBAI, India — Tata Consultancy Services Ltd., India's largest outsourcing company, said Monday that net profit for last quarter grew 4.7 percent, to 13.14 billion rupees ($261.2 million), despite shrinking volumes as the company pulled thousands of Indian employees back home to save on costs.
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