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TCS Q3 net profit rises 12.2 pct; beats estimates

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Reuters MUMBAI

MUMBAI (Reuters) - Tata Consultancy Services Ltd, India's largest software services exporter, on Tuesday reported a 12.2 percent increase in quarterly net profit, beating estimates, as it won more outsourcing deals from its western clients.

The company, part of India's diversified Tata conglomerate, reported a net profit of 61.1 billion rupees ($913.8 million) in the October-December quarter, up from 54.4 billion rupees a year earlier.

Analysts were expecting a profit of 59.97 billion rupees in the three month period ended Dec. 31.

($1 = 66.8618 rupees)

(Reporting by Himank Sharma; Editing by Anand Basu)

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First Published: Jan 12 2016 | 6:05 PM IST

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