Higher costs hit profit at Indian software giant TCS
India's largest software exporter Tata Consultancy Services on Friday reported quarterly earnings that missed analyst estimates, as higher wages and expenses hurt margins despite a strong order book. Net profit at the IT giant rose to 94.78 billion rupees ($1.2 billion) in the three months ended June 30, 5.2 percent higher than in the same period last year. Sustained demand across busine