TCS Profit Misses Estimates as Staff Costs Rise Amid IT Boom

TCS’ third quarter net profit rises but misses analysts’ estimates Tata Consultancy Services Ltd. reported earnings that trailed analysts’ estimates as the IT services provider boosted hiring and paid more to retain workers during a technology boom brought about by the pandemic. Net income at Asia’s largest software outsourcing provider rose to 97.7 billion rupees … Read more