TCS missed analysts' estimates for September-quarter profit, as India's No. 1 IT services exporter faced sluggish demand. Moody's Investors Service slashed its 2019-20 GDP growth forecast for India to 5.8 per cent from 6.2 per cent. Those were among the top headlines on Thursday.
TCS Q2 net up 1.8% at Rs 8,042 cr
Tata Consultancy Services (TCS) posted 1.8 per cent year-on-year (YoY) rise in its net profit at Rs 8,042 crore for the second quarter (July-September) of the financial year (FY20). Revenue in constant currency (CC) terms grew 8.4 per cent YoY while revenue in rupee terms came in