Tcs forex loss

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tcs forex loss

alapoqevus.tk No.1 and most visited website for Placements in India. We help students to prepare for placements with the best study material, online classes, Sectional Statistics for better focus and Success stories & tips by Toppers on PrepInsta. Rediff MoneyWiz, the personal finance service from alapoqevus.tk equips the user with tools and information in the form of graphs, charts, expert advice, and more to stay up-to-date and make informed decisions. Sep 12,  · Tata Consultancy Services (TCS), Indias largest IT services exporter, is likely to record a forex loss in excess of Rs crore for the second quarter of the current fiscal, despite the rupee recording a significant depreciation against the US dollar. According to reports by brokerage houses, following an interaction with the company, the IT major has been affected by the volatility in the.


TCS may lead IT earnings; forex losses may affect margins


Wipro Q2 hit by staff costs, forex loss Wipro Q2 hit by staff costs, forex loss Wipro Q2 hit by staff costs, forex loss Wipro Ltd, India's third-largest software outsourcer, reported a 10 per cent rise in quarterly profit, tcs forex loss, short of expectations as salary hikes and foreign exchange losses hit margins, tcs forex loss, sending the stock down nearly 4 per cent.

The rupee's appreciation against the dollar, which tcs forex loss for most revenue for India's software services exporters and spiraling staff costs as companies fight to hold onto employees to meet rising demand have hit profit margins at Wipro.

On average, analysts had expected the firm to forecast a four to five per cent increase in IT services revenue. Infosys Technologies, watched by analysts as the trendsetter for the industry, last week beat analysts' profit estimates and raised its annual sales forecast but warned currency volatility could crimp growth for the industry. Despite that strong demand, operating margins at Wipro's mainstay IT services business slipped to Voluntary staff attrition for the quarter was Wipro expects operating margins to improve in the next two quarters and the No.

Leader Tata Consultancy Services said it expected robust demand for outsourcing as it posted a second tcs forex loss profit that beat expectations but flagged volatile currencies as a risk to the sector. Infosys, Tata Consultancy and Wipro have boosted hiring and doled out pay hikes to feed rising outsourcing demand and stave off poaching from rivals such as IBM and Accenture. Net IT services employee additions for the quarter were at 2, Follow Gadgets Now on Facebook and Twitter.

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Tata Consultancy Services Ltd. profit and loss ( P&L ), financial statement, accounts

 

tcs forex loss

 

Sep 12,  · Tata Consultancy Services (TCS), Indias largest IT services exporter, is likely to record a forex loss in excess of Rs crore for the second quarter of the current fiscal, despite the rupee recording a significant depreciation against the US dollar. According to reports by brokerage houses, following an interaction with the company, the IT major has been affected by the volatility in the. TCS posted a forex loss of Rs crore in Q3. Currency has had a per cent margin impact for Q3, says S Mahalingam,chief financial officer at TCS. The company has hedged $ billion for the next quarter for the current financial year at Rs 49 per US dollar. TCS shares fell per cent to Rs 1, in a strong market. Mar 15,  · Get Tata Consultancy Services latest Profit & Loss account, Financial Statements and Tata Consultancy Services detailed profit and loss accounts.