TCS Posts Record 24.1% Rise In Net Profit For Q3FY19

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Mumbai-headquartered software major TCS in its third quarterly results announced today posted 24.1% rise in its net profit. The net profit of the company for the quarter ended December stood at Rs. 8,105 crore ($1.15 billion) in comparison to the profit figure of Rs. 6,531 crore reported in the year-ago period. Some of the segments that drove the company's profitability include banking, financial services and insurance.

    TCS Posts Record 24.1% Rise In Net Profit For Q3FY19
     

    Income from operations rose 20.8%, it said in a statement. The company's revenue from the BFSI segment also surged 23%.

    Further in a statement to the exchanges, the salt-to-software conglomerate said that its sequential revenue growth was primarily fuelled by the UK and Europe, and it increased 25.1% and 17.6%, respectively.

    TCS shares just ahead of the result announcement closed slightly higher at 1,888.15 on the BSE.

    Goodreturns.in

    Read more about: tcs earnings
    Story first published: Thursday, January 10, 2019, 17:52 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more