BENGALURU -- Revenues at India's largest information technology company, Tata Consultancy Services, crossed half a trillion rupees for the first time in the January-March quarter, driven by increasing sales to financial services, retail and technology clients.
TCS said on Monday that its revenues for the quarter were up 15.75% year-on-year to 505.91 billion rupees ($6.67 billion), above expectations. Net profit fell short of forecasts, however, with a 7.3% increase to 99.59 billion rupees ($1.31 billion). A Bloomberg poll of analysts pointed to a 100.77 billion rupee net profit on revenues of 502.49 billion rupees.
