India's TCS shares gain in pre-open trading on revenue outlook

Reuters News
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Posted: Apr 17, 2013 11:56 PM
India's TCS shares gain in pre-open trading on revenue outlook

MUMBAI (Reuters) - Shares in India's Tata Consultancy Services Ltd (TCS) <TCS.NS> rose 2.15 percent in pre-open trade on Thursday after it painted a more bullish picture for future revenue growth than key rival Infosys <INFY.NS>.

TCS said on Wednesday net profit for the fiscal fourth quarter ended March 31 rose 22 percent to 35.97 billion rupees ($663.35 million) from the year-earlier period.

TCS added it expects revenue in the current fiscal year to increase more than the 12-14 percent sector export growth forecast by the National Association of Software and Services Companies (Nasscom).

Infosys shares were up 0.1 percent.

(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)