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Tata Consultancy Services posts record quarterly profit

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Reuters 

(Reuters) - Tata Consultancy Services Ltd, India's biggest listed company by market capitalisation, reported a record quarterly net profit, helped by gains in Banking, Financial services and Insurance (BFSI) segment.In a seasonally weak quarter for Indian IT firms due to year-end holidays, TCS posted a profit of 81.05 billion rupees ($1.15 billion) for the Oct-Dec period, up from 65.31 billion rupees a year earlier.That missed an average estimate of 82.19 billion rupees from 25 analysts, Refinitiv data shows.TCS, one of the flagship companies of the salt-to-software behemoth Tata Group, said ...

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First Published: Thu, January 10 2019. 17:32 IST
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