India drives TCS growth buzz

India’s largest software exporter Tata Consultancy Services (TCS) reported a 5% year-on-year increase in net profit to Rs 11,909 crore in the second quarter, driven by the ramp-up of its Rs 15,000 crore deal with state-owned telco Bharat Sanchar Nigam Ltd (BSNL) while clients in the key markets of America and Europe remained cautious with their technology spends.