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Tata Consultancy Services posts dip in third-quarter profit


(Reuters) - Ltd (TCS), India's biggest software services exporter, posted a 3.6 percent decline in third-quarter profit on Thursday, hurt by a dip in spending by and financial services clients.

Net profit attributable to shareholders fell to 65.31 billion rupees ($1.03 billion) in the quarter ended Dec. 31 from 67.78 billion rupees in the same period a year earlier, said.

Analysts on average expected the Mumbai-headquartered company to post a profit of 65.18 billion rupees, Thomson data showed.

Income from operations rose about four percent to 309.04 billion rupees. ($1 = 63.6550 Indian rupees)

(Reporting by Tanvi Mehta in Bengaluru; Editing by Muralikumar Anantharaman/Keith Weir)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 17:37 IST