TCS Q3 net profit rises 12.3% on clients’ long-term investments
The Hindu
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Tata Consultancy Services said consolidated net profit for the third quarter ended December grew 12.3% to ₹9,769 crore backed by strong broad-based growth across verticals and markets.
Its net margin for the quarter was at 20% the company said in a filing with stock exchanges.
Revenue grew 16.3% to ₹48,885 crore. TCS, India’s largest IT services company, said it had hit the $25-billion revenue mark on a calendar year basis on the back of strong growth over the last four quarters .
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