TCS Q3: Operating margin resilient despite rupee volatility, says mgmt

The Rajesh Gopinathan-led company reported a 20.8 per cent year-on-year (YoY) increase in its revenue at Rs 37,338 crore while constant currency revenue grew 1.8 per cent QoQ and 12.1 per cent YoY.

Leading IT Services company Tata Consultancy Services (TCS) released its financial results for the third quarter (October-December period) of the current financial year 2018-19 (FY19) on Thursday. The company reported a double-digit revenue growth during the period led by BFSI and digital segments. Solid growth in the UK and Europe business, boosted performance, said the company.

The company said its performance had been good and its operating margins were resilient.  "Despite headwinds from the Rupee volatility against various currencies, and the higher cost of doing business in some major markets, our operating margins have been resilient. We remain focused on driving