TCS Q3 net profit dips 4% to Rs 65.45 billion, meets Street target

TCS had reported profit of Rs 68.14 billion on revenues of Rs 313.60 billion in the third quarter last year

The third quarter net profit of Tata Consultancy Services (TCS) dipped 3.9 per cent year-on-year to Rs 65.45 billion, while its revenues grew 2.7 per cent to Rs 317.7 billion as the software bellwether met Street expectations. 

The in-line performance in a seasonally soft quarter was on the back of large deals and increasing contribution in digital verticals from clients such as Nielsen and Rolls Royce.

The country’s largest IT services firm said on Thursday it recorded 39 per cent year-on-year growth from digital deals as it engaged with clients in retail and banking. The digital vertical makes up for