TCS Reports Higher Profit As Remote Work Drives Cloud Demand


Analysts say Q3 has been good for IT firms in 2020 because in part due to the Covid-19 crisis.

Tata Consultancy Services (TCS) on Friday reported a 7.2 per cent jump in its profit for the final quarter of 2020, as India’s top software services firm benefitted from greater demand for its cloud services during the Covid-19 pandemic.

The results kick off India’s corporate earnings season for the December-quarter, a seasonally weak period for the software industry, but one which analysts reckon has been good for IT firms in 2020 because in part due to the Covid-19 crisis.

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