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An update from Tata Consultancy Services Limited ( (IN:TCS) ) is now available.
Tata Consultancy Services Limited has announced that the United States Court of Appeals for the Fifth Circuit has issued an adverse ruling against the company in a lawsuit filed by Computer Sciences Corporation/DXC Technology Company. The ruling confirmed the District Court’s decision on damages but vacated the previously granted injunction, directing a reassessment by the Northern District of Texas. TCS is considering its legal options, including a potential appeal, and plans to make necessary financial provisions in accordance with accounting standards.
More about Tata Consultancy Services Limited
Tata Consultancy Services Limited (TCS) is a prominent player in the IT services and consulting industry. The company offers a wide range of services including software development, business solutions, and outsourcing, with a strong focus on leveraging technology to drive business transformation for clients across various sectors.
Average Trading Volume: 241,985
Technical Sentiment Signal: Hold
Current Market Cap: 11397.2B INR
Find detailed analytics on TCS stock on TipRanks’ Stock Analysis page.