TCS gains over 5 per cent after earnings beat estimates

Mumbai: Shares in Tata Consultancy Services, India's largest software services exporter, rose as much as 5.75 per cent on Friday, a day after posting April-June earnings that beat estimates and maintaining an upbeat outlook.

TCS said consolidated net profit for the quarter ended June 30 rose to Rs 3831 crore from Rs 3280 crore a year earlier.

That topped the Rs 3780 crore average of 24 analyst estimates, according to Thomson Reuters I/B/E/S.

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