TCS stays mum on US fine, strengthens rumors about growth uncertainty in FY 17
Advertisement
Advertisement
As the top management of
As per reports, TCS has been slapped with a hefty fine of over $940 million in a lawsuit filed by Epic Systems. Considering that the net profit it reported in the March quarter was $936 million, one can imagine the condition that this fine would bring the IT giant to.
Also, this has come at a time when the company's growth (7.1%) has already slowed down as compared to its peer Infosys (9.1%), and that too for the first time since FY10.
However, on a brighter side, TCS has added three clients with $100 million deal size each, along with eight clients with at least $50 million of billing each in the quarter, which makes the investors hopeful about revenue growth.
Image source
Advertisement
- OPINION: Ecofeminism — a diversified perspective on Mother’s Day
- Inflation data, Q4 earnings, global trends to drive stock markets this week: Analysts
- Technical Analysis for Stocks
- Discovering Kasargod: Kerala's hidden paradise
- Uncertainty over election results may keep market volatile: Experts
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market