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Tata Consultancy, Infosys set to post strong earnings amid weaker rupee, string of deals

Trade wars, Brexit may weigh on outsourcing demand this year

Infosys is expected to report a more than 19% gain in revenue to 212.25 billion rupees in the quarter, according to the estimates.   © Reuters

MUMBAI (NewsRise) -- Tata Consultancy Services, Infosys, and Wipro, India's top software exporters, are set to report strong third-quarter profits, aided by the sharp fall in the Indian rupee and a quicker pace of deal wins.

The industry has been growing at a healthy pace over the past few quarters thanks to the surging investments in new internet technologies, even as an escalating trade row between the U.S. and China and fears of Britain exiting from the European Union without a trade deal stirred fears of a slowdown. A 9.2% fall in the value of the rupee in 2018, its biggest annual drop in five years, also helped boost the profitability of India's IT companies.

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