India’s TCS, Infosys Jump on Upbeat Results, Lift IT Stocks
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BENGALURU (Reuters) – Shares of India’s top IT services providers Tata Consultancy Services and Infosys rose between 3% and 4.5% on Friday after their results indicated a possible end to persisting sluggish demand.
TCS, India’s top IT exporter, and Infosys, both reported larger-than-expected revenue in the third quarter.
Their rise also sent the Nifty IT index up 2.7%.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D’Souza)
Copyright 2024 Thomson Reuters.
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