Tata Consultancy Services Q1 net profit up 13 percent

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Reuters MUMBAI
Last Updated : Jul 09 2015 | 5:22 PM IST

MUMBAI (Reuters) - India's largest software services exporter, Tata Consultancy Services , said on Thursday quarterly net profit rose 13 percent, beating estimates.

Net profit rose to 57.09 billion rupees ($900 million) for its fiscal first quarter to June 30, TCS said in a statement. Analysts on average had expected a net profit of 54.40 billion rupees.

Revenue rose 16.1 percent from a year earlier to 256.68 billion rupees.

($1 = 63.4100 rupees)

(Reporting by Nivedita Bhattacharjee and Devidutta Tripathy; Editing by Sunil Nair)

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First Published: Jul 09 2015 | 5:02 PM IST

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