TCS net up 24 per cent in third quarter

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.

--IANS

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