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TCS vs Infosys: Sharekhan expects Infosys to report 8 per cent drop in net profit while it sees the Tata group's TCS clocking 8.2 per cent profit growth.
BNP Paribas anticipated dollar revenue growth at 1.5 per cent sequentially amid continued impact of a slowdown-related cuts in discretionary tech spending, partially offset by large deal ramp-ups.
TCS' clients are getting more cautious in the US and Europe and that the delay in decision-making, which was more pronounced in Europe, is now visible in the US.
Tata Consultancy Services reported a 5.2 per cent rise in consolidated net profit to ₹9,478 crore for the July 2022 quarter while the consolidated revenue grew by 16.2 per cent to ₹52,758 crore ....