NEW DELHI: Tata Consultancy Services ( TCS ) , India's biggest software services exporter, posted an almost six per cent fall in first-quarter profit, hurt by volatile currencies.Consolidated net profit dropped to Rs 59450 crore ($923.20 million) in the three months to June 30, from 63.18 billion rupees, a year earlier, TCS said on Thursday.TCS' revenue though went up marginally to Rs 29,584 crore.Analysts on average expected the company to post consolidated profit of Rs 6181 crore, according to Thomson Reuters data. The appreciation of the rupee resulted in a loss of Rs 650 crore in reported revenue, TCS said in a statement.

Source: Times of India July 13, 2017 11:39 UTC