(Reuters) – Shares of India’s top software services exporter Tata Consultancy Services jumped 4% in pre-open trade on Friday, as investors cheered its assessment that there are early signs of a demand revival.
TCS CEO K Krithivasan told reporters in a post-earnings press conference on Thursday that the company was seeing more confidence in discretionary programmes in the coming years.
Kritivasan’s comments overshadowed a weak performance in North American revenue for the fifth straight quarter.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Varun H K)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.