MUMBAI (NewsRise) -- Tata Consultancy Services, India's largest software exporter, posted a record quarterly profit, helped by a revival in outsourcing demand among financial services clients and a sustained surge in deal flows.
The Tata Group flagship said consolidated net profit in the quarter ended in December increased more than 24% to 81.05 billion rupees ($1.2 billion) from a year-earlier period. Revenue grew about 21% to 373.38 billion rupees. The profit marginally missed analysts' expectation of 82.19 billion rupees compiled by Refinitiv.
