TCS net up 24 per cent in third quarter

Mumbai (IANS) Tata Consultancy Services (TCS) on Thursday reported Rs 8,121 crore consolidated net profit for the third quarter of fiscal 2018-19, registering a 24 per cent annual growth from Rs 6,545 crore in the same period a year ago.

In a regulatory filing on the BSE, the city-based IT bellwether said the consolidated revenue for the quarter (Q3) under review grew 21 per cent year-on-year (YoY) to Rs 37,338 crore from Rs 30,904 crore in the like period a year ago.

Sequentially, net profit was 2.5 per cent up from Rs 7,927 crore but revenue flat (0.1) from Rs 36,854 crore a quarter ago.

Under the International Financial Reporting Standard (IFRS), net income grew 12 per cent YoY to $1,140 million from $1,014 million in the same period year ago and revenue 9.7 per cent YoY to $5,250 million from $4,787 million in the like period year ago.