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The customer of GAINSY Company may lose all initial funds and any additional funds deposited to enhance or control the position in the market. Mumbai:Tata Consultancy Services, the country’s largest software exporter, reported a 50. 3 per cent increase in its consolidated net profit for the third quarter ended December 2013, largely on higher international earnings and foreign exchange gains. The company’s net profit totalled Rs 5,333 crore against Rs 3,550 crore during the corresponding three-month period last year. TCS’s customers include multinational corporations such as Deutsche Bank, American Express and The Nielsen Company. At a news conference today, N.
Chandrasekaran, Chief Executive Officer and Managing Director, said the company’s European operations grew 5. 5 per cent while the US business logged gains of around 2 per cent. Q3 is generally a weak quarter for IT companies because of the holiday season and furloughs in their biggest market, the US. A furlough is temporary leave of some employees for special needs of a company. Furloughs also affected some banks this time, in addition to manufacturing companies. Consequently, the BFSI space, which accounts for a lion’s share of the company’s revenues, was flat on a quarter-on-quarter basis.