Biggest Asian Software Exporter Drops as Floods Dent Revenue

  • Tata Consultancy 3Q sales misses estimate; profit climbs 12%
  • Shares fall most in two months to lowest since June 2014

Shares of Tata Consultancy Services Ltd. slumped to a 19-month low after sales fell short of estimates in a quarter marked by seasonal holidays and floods that stalled work at a key development center in India.

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