Tata Consultancy Services revenue surges but profit misses estimates

Indian IT leader's operating margin shrinks on wage hikes

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Indian software services provider Tata Consultancy Services reported a 16% year-on-year increase in revenue for the second quarter. © Reuters

SAYAN CHAKRABORTY, Nikkei staff writer

BENGALURU -- Revenue at India's top software exporter, Tata Consultancy Services, rose 16% year on year in the April-June quarter, shaking off fears that economic fallout from the war in Ukraine would immediately sap demand for its products.

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