Despite reporting net profits of $855 for Q3 – a 14% increase on Q3 2013 results – TCS’ shares fell 8%, as it seems clear that TCS will fail to meet its management pledge to exceed last year’s 16% revenue growth over the FY, dashing City expectations. HCL’s shares also fell 8% following disappointing results.

Infosys on the other hand has posted positive results under new CEO, Vishal Sikka, announcing quarterly net income was up by almost a third compared with the previous year’s performance.

3000 jobs at outsourcing centre for Saudi women