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Tata Consultancy Services Posts Record Fourth-Quarter Profit

Net profit for the January-March quarter came in at Rs 81.26 billion ($1.17 billion) compared to Rs 69.04 billion last year

Photo Credit : Reuters


India's top IT services exporter, Tata Consultancy Services Ltd, reported a record quarterly profit on Friday, helped by a strong performance in its banking, financial services and insurance segment (BSFI).

Net profit for the January-March quarter came in at 81.26 billion rupees ($1.17 billion) compared to 69.04 billion rupees last year.

Some 33 analysts on average expected a profit of 80.11 billion rupees, Refinitiv Eikon data showed.

The Tata group posted a 18.5 percent rise in revenue during the quarter.


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