Reuters: Global Markets: TCS up 2.7 percent in pre-open on strong earnings

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TCS up 2.7 percent in pre-open on strong earnings Oct 22nd 2012, 03:59 MUMBAI | Sun Oct 21, 2012 11:59pm EDT MUMBAI (Reuters) - Shares in Tata Consultancy Services Ltd (TCS) (TCS.NS), India's largest software services exporter, opened up 2.7 percent in pre-market trade after the company posted a 44 percent rise in quarterly profit on Friday. TCS's net profit for the three months ended September rose to 35.12 billion rupees ($652 million) from 24.39 billion rupees a year earlier, TCS said. Analysts had forecast a profit of 33.34 billion rupees, according to Thomson Reuters estimates.

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