MUMBAI -- Shares in India's largest IT services exporter, Tata Consultancy Services, declined by 4% on Tuesday, despite having announced on Monday that profit edged up in the year ended March, indicating a gap between the high expectations in the stock market for the company and its actual performance.
The company reported a 0.26% rise in annual profit after taxes to 325.62 billion rupees ($4.3 billion), thanks to a strong gain in the January-March quarter. Full-year total revenue grew 3.72% to 1.67 trillion rupees, helped by a strong order book from international clients, especially in banking, financial services and insurance.
