Tata Consultancy and Sykes Move in Different Directions
India’s Tata Consultancy Services saw increased demand for its outsourcing services in the last quarter. Revenue grew by 21% and earnings increased by 29%. The BPO company said that it signed ten large deals in the latest quarter, but due to the slow economy, most of its business consisted of smaller deals.
Meanwhile, Florida’s Sykes Enterprises, fell short of analyst expectations. Sykes is expecting revenue of only $305-310 million, while investors were hoping for $317 million. As for earnings, the outsourcing company is expecting an EPS somewhere between $0.28 and 0.32, while analysts expected $0.33.
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