TCS profit up 7.2% at Rs 8,701 crore

Consolidated net profit of Tata Consultancy Services (TCS), the country’s largest software services company, rose 7.2 per cent to Rs 8,701 crore in the October-December 2020 quarter. The company said in a regulatory filing that it is on an annual basis. Net profit of the company was 8,118 crore in the year-ago period. The company’s revenue increased 5.4 percent to Rs 42,015 crore in the quarter under review.

This was Rs 39,854 crore in the same period last year. TCS said that this was its highest growth in the December quarter in nine years. Rajesh Gopinathan, chief executive officer and managing director of TCS, said the rising demand for core transformation services and strong revenue from previous deals helped drive the company to one of its best performances in the December quarter. He further said that the company is coming with an optimistic outlook in the new year and its position in the market is stronger than ever.

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