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Tata Consultancy Earnings: Will Financials Spend More On IT?

Tata Consultancy Services (532540.India) quarterly results highlighted a more stable IT services environment than expected.

The company reported net income rose 1.8% to $923 million, or 47 cents per share, on revenue of nearly $4.6 billion. William Blair Analyst Anil Doradia pointed to healthy volumes, client additions, a promising deal pipeline and accelerating digital adoption. He writes:

" ...The company's commentary on digital is a validation of the continued shift toward...