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Tata Consultancy Services Did A 'Commendable' Job Of Arresting Employee Attrition: Report
TCS reported a better-than-expected net profit of Rs 6,586 crore in Q2 TCS has maintained its margin guidance range of 26-28% for the year Edelweiss Securities believes that lower attrition will aid TCS' margins
17 Oct 2016, 08:31 AM IST 
TCS' attrition declined 60 basis points in the September quarter.
Tata Consultancy Services (TCS), India's biggest outsourcer, missed the Street's revenue estimate but its profit exceeded expectations.
TCS reported a better-than-expected net profit of Rs 6,586 crore in the three months ending September 30, on revenues of Rs 29,284 crore, which was below the Street's estimates.
A strong 94-basis-point improvement in operating margin to 26 per cent in the second quarter lead to the profit beat, ...
