Business Standard

Tata Consultancy Q3 net up 10.9 percent, beats estimates

Image

Reuters MUMBAI

MUMBAI (Reuters) - Tata Consultancy Services Ltd , India's biggest software services company, posted a better-than-expected 10.9 percent rise in third-quarter profit, helped by demand for digital services.

Net profit rose to 67.78 billion rupees ($995 million) for the three months to Dec. 31, compared with a net profit of 61.10 billion rupees a year ago.

That compares with the consensus profit estimate of 65.11 billion rupees by 25 analysts, according to Thomson Reuters data.

Revenue rose 8.7 percent from a year earlier to 297.35 billion rupees.

($1 = 68.0950 Indian rupees)

(Reporting by Sankalp Phartiyal; Editing by Sunil Nair)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 12 2017 | 3:56 PM IST

Explore News