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TCS bets on digital, banking to revive growth as Q3 net rises 11%

Revenue up 8.7% in volatile business environment

Sheetal Agarwal & Ayan Pramanik  |  Mumbai/ Bengaluru 

Tata Consultancy Services (TCS), the country's largest software exporter, said third-quarter (Q3, September-December) profits grew 11.2 per cent from a year before to Rs 6,778 crore, with higher growth from digital services, mainly via banking customers which have resumed spending on technology to compete in a digital environment. Revenue grew 8.7 per cent to Rs 29,735 crore, on strong execution and a 30 per cent jump from digital services. TCS had reported profit of Rs 6,125 crore on revenue of Rs 27,364 crore in the quarter to December 2015. Operating margins were 26 per cent, ...

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