India’s TCS posts 29% jump in profit on pandemic-led digitisation demand

October 8, 2021

BENGALURU (Reuters) – India’s top software exporter Tata Consultancy Services Ltd reported about 29% jump in quarterly profit on Friday, boosted by a pandemic-led demand for digitisation from businesses.

Consolidated net profit rose to 96.24 billion rupees ($1.28 billion) in the three months to Sept. 30, from 74.75 billion rupees a year earlier.

Consolidated revenue from operations jumped 16.8% to 468.67 billion rupees, compared with 401.35 billion rupees a year earlier.

($1 = 74.9390 Indian rupees)

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Vinay Dwivedi and Rashmi Aich)

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