The country’s largest software services firm TCS on Friday reported a 7.2% rise in consolidated net profit to ₹8,701 crore for the December 2020 quarter.
This is against a net profit of ₹8,118 crore in the year-ago period, Tata Consultancy Services (TCS) said in a regulatory filing.
Revenue of the city-based firm grew 5.4% in the quarter under review to ₹42,015 crore from ₹39,854 crore in the corresponding period last fiscal, it added.
This is the strongest December quarter growth in nine years, TCS said.
“Growing demand for core transformation services and strong revenue conversion from earlier deals have driven a powerful momentum that helped us overcome seasonal headwinds and post one of our best performances in a December quarter,” Rajesh Gopinathan, chief executive officer and managing director at TCS, said.
He added that the company is entering the new year on an “optimistic note” and its market position stronger than ever before.
Mr. Gopinathan said TCS’ confidence reinforced by the “continued strength in our order book and deal pipeline”.
You have reached your limit for free articles this month.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Support Quality Journalism.
*Our Digital Subscription plans do not currently include the e-paper, crossword and print.
A letter from the Editor
Dear subscriber,
Thank you!
Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.
The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.
We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.
Suresh Nambath
