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TCS posts record profit, expects strong growth in financial services to continue

Reuters  |  MUMBAI 

By Sankalp Phartiyal and Krishna V KurupMUMBAI (Reuters) - India's biggest software services firm, Tata Consultancy Services Ltd (TCS), expects growth in its banking, financial services and insurance (BFSI) unit to remain strong in the next one to two years as it posted a record net profit, helped by a rebound in the key division.TCS, headquartered in India's financial capital of Mumbai, beat street estimates on Tuesday as it reported a net profit of 73.40 billion rupees ($1.07 billion) in the quarter to June 30, compared with 59.45 billion rupees a year earlier.Analysts, on average, had ...

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First Published: Tue, July 10 2018. 21:20 IST