Robust deal wins by IT cos raise hopes for a recovery in the coming quarters

After a subdued second quarter show by TCS on Wednesday, Infosys and HCLTech reported numbers on Thursday. Infosys beat the average analyst estimates in terms of revenue and net profit. While HCLTech disappointed on the revenue front, its net profit was above expectations. Each of the two companies also declared their respective highest total contract value (TCV) of new deals

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