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Infosys, TCS post robust Q3 profit growth as big deals roll in

Indian IT service giants ride global digital transformation boom in pandemic's wake

TCS says it will buy back 180 billion rupees in shares while Infosys raised it full year projections. (Source photos by AP) 

MUMBAI -- India's two largest IT services providers, Tata Consultancy Services (TCS) and Infosys, reported strong profit growth in the October-December quarter on Wednesday after a spate of big deals as global clients step up information technology spending and digitize business operations.

At Mumbai-based TCS, revenue surged 16.3% on the year to 488.85 billion rupees ($6.62 billion), while net profit edged up 12.2% to 97.6 billion rupees as the company notched double-digit growth from services provided to financial services, retail, manufacturing and the life sciences businesses.

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