TCS reports 24% YoY rise in Q3 net at Rs 8,105 crore

IT bellwether Tata Consultancy Services (TCS) on Thursday reported a 24.1 per cent YoY rise in its net profit at Rs 8,105 crore for third quarter of FY19. The company had posted PAT of Rs 6,531 crore in the corresponding quarter last year. On QoQ basis, PAT grew 2.58 per cent.

Revenue for the quarter came in at Rs 37,338 crore, up 20.8 per cent YoY. 

"We are wrapping up 2018 with a strong revenue growth of 12.1% in the December quarter, which is the highest in 14 quarters, with continued growth acceleration in key verticals and across all geographies.