Mumbai/Bengaluru: Top Indian software services exporter Tata Consultancy Services Ltd (TCS) said on Thursday it was optimistic about client spending on technology even as a cautious global environment and a stronger rupee dented its Q1 profit. TCS was seeing a “strong pipeline” for new deals in the key North American market, especially from smaller customers, TCS CEO Rajesh Gopinathan told a news conference. Brokerage Kotak described TCS Q1 results numbers as weak, adding it expected further cuts to its own and consensus earnings-per-share estimates of the company. TCS added one client with annual billing of $100 million-plus and one with billing of more than $50 million in the June quarter, TCS said. Infosys Ltd, the second-biggest Indian software services exporter, is due to report quarterly results on Friday.

Source: Mint July 13, 2017 11:24 UTC