TCS Q1 numbers out; PAT below estimates

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TCS, the largest domestic IT firm, on Thursday reported a 10 per cent QoQ drop in net profit at Rs 5,945 crore for the June quarter, which fell short of with Rs 6,203 crore estimated by analysts in an ET Now poll. Revenue for the quarter fell 0.2 per cent QoQ to Rs 29,584 crore, which was in line with ET Now poll estimate of Rs 29,571 crore.

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