INSUBCONTINENT EXCLUSIVE:
TCS and rivals, Infosys and Wipro, have been winning more large contracts from businesses during Q3.Tata Consultancy Services (TCS) on
Friday reported a 7.2 per cent jump in its profit for the final quarter of 2020, as India's top software services firm benefitted from
greater demand for its cloud services during the Covid-19 pandemic
quarter, a seasonally weak period for the software industry, but one which analysts reckon has been good for IT firms in 2020 because in
part due to the Covid-19 crisis.TCS and rivals, Infosys and Wipro, have been winning more large contracts from businesses that are investing
statement to the stock exchanges.The Mumbai-based company said revenue from the banking and finance industries, its top revenue contributor,
three months to December 31, 2020, from Rs 8,118 Crore a year earlier
Analysts on average had expected a profit of Rs 84.01 billion, according to Refinitiv data
Revenue from operations jumped 5.4 per cent to Rs 42,015 Crore.
