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Tata Technologies posts slightly higher second-quarter profit; expects double-digit FY growth
India’s Tata Technologies posted a 3.6% rise in second-quarter profit on Wednesday, supported by growth in the engineering services firm’s mainstay services segment. The Tata Group company expects to deliver strong double-digit revenue growth for the full year, CEO and MD Warren Harris said after the results. Profit after tax rose to 1.71 billion rupees ($17.97 million) for the quarter ended September 30, from 1.66 billion rupees a year earlier. Revenue from operations rose 28.4% to 16.99 billion rupees, while revenue from the services segment, which makes up nearly 80% of the total, increased...
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