MUMBAI (Reuters) - Tata Consultancy Services Ltd reported a 64.4 percent increase in quarterly profit, beating estimates, on improving margins and strong revenue growth.
The country's largest IT services firm reported net profit of 63.41 billion rupees ($952.82 million) for its fiscal fourth quarter to March end, as compared with 38.58 billion rupees a year earlier.
Analysts were expecting the company to report 62.80 billion rupees in profit for the three-month period, according to Thomson Reuters data.
TCS results come three days after the company was ordered to pay $940 million to Epic Systems in a trade secret lawsuit in the United States.
($1 = 66.5500 rupees)
(Reporting by Himank Sharma; Editing by Sherry Jacob-Phillips)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
