TCS Q3 profit rises 10.9% to Rs6,778 crore


Mumbai: Tata Consultancy Services Ltd , India’s biggest software services company, posted a better-than-expected 10.9% rise in third-quarter profit, helped by demand for digital services.

Net profit rose to Rs6,778 crore ($995 million) for the three months to 31 December, compared with a net profit of Rs6,110 crore a year ago.

That compares with the consensus profit estimate of Rs6,511 crore by 25 analysts, according to Thomson Reuters data.

Revenue rose 8.7% from a year earlier to Rs2,9735 crore.