Tata Consultancy Services missed analyst expectations for the June quarter. This was due to the BSNL deal ending. Net profit grew, helped by a one-time gain. Project ramp-ups faced delays. New deal wins increased to $9.4 billion. Headcount rose, but attrition also increased. Revenue fell slightly. Net profit increased due to one-time income.
Q2 earnings show Rs 4 lakh crore-crisis may deepen in stock market’s riskier corners
Recent Q2 earnings reveal a troubling trend in India’s stock market. Smallcap companies are experiencing the highest number of earnings misses, leading to a substantial
