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TCS posts record quarterly profit on strong growth in BFSI unit


(Reuters) - India's top software services exporter, Tata Consultancy Services Ltd, posted a record quarterly net profit in the June quarter, driven by robust growth in its Banking, Financial Services and Insurance (BFSI) division.TCS, whose first-quarter profit beat analysts' expectations, had said in April it expected a rebound in spending by its key BFSI clients in North America, its biggest market, in the financial year to 2019.Revenue from its BFSI business, the company's biggest revenue stream, rose to 134.64 billion rupees ($1.96 billion)from 117.89 billion rupees, the company said in ...

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First Published: Tue, July 10 2018. 18:18 IST