Mumbai, October 8
Tata Consultancy Services (TCS), India's largest IT services player, missed the Street's estimates marginally as it reported 14.1 per cent growth year-on-year (YoY) in net profit and 16.8 per cent YoY rise in revenue in the second quarter (Q2) of financial year 2021-22 (FY22).
Its management was, however, upbeat on other news concerning the group, expressing delight at the announcement that Tata Sons had been chosen as the winning bidder for Air India. Rajesh Gopinathan, chief executive officer and managing director of TCS, said it was a nostalgic time for many TCSers. “Almost all of us took our first international trip with Air India and we took a return ticket, which used to be our safety guard. We will try to do our best and contribute in whichever form we can to revive it to the glory it had as one of the best airlines in the world," he added.
This story is from the October 09, 2021 edition of Business Standard.
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This story is from the October 09, 2021 edition of Business Standard.
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