Shares in Tata Consultancy Services were up 2.3 per cent on Friday after its quarterly profit exceeded forecasts.
Mumbai: Shares in Tata Consultancy Services were up 2.3 per cent on Friday after its quarterly profit exceeded forecasts, while Infosys fell after cutting its sales guidance by more than expected.
The contrasting performances by India's two biggest software services exporters tracked their earnings results out on Thursday.
Infosys shares were down 0.8 per cent after falling 8.4 per cent on Thursday on the back of disappointing results, which were out before the market opened.
By contrast, TCS was poised for solid gains after its results late on Thursday.
Although it does not make official forecasts, TCS said it expects to beat the industry export revenue growth forecast of 11-14 per cent for this fiscal year set by trade body Nasscom.
Comments
0 comment