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TCS Q4 profit rises 4.2% at Rs 6,608 crore

LiveMint logoLiveMint 18-04-2017 Sankalp Phartiyal

New Delhi: Tata Consultancy Services Ltd, India’s top software services exporter, reported a 4.2% rise in quarterly net profit on Tuesday but missed analysts’ estimates.

TCS said its consolidated net profit rose to Rs6,608 crore ($1.02 billion) in the three months to 31 March, from Rs6,340 crore in the year-ago period.

Analysts had, on average, expected a consolidated profit of Rs6,662 crore, according to Thomson Reuters data.

TCS, which was reporting its first quarterly earnings under new chief executive Rajesh Gopinathan, said revenue rose 4.2% year-on-year to Rs29,642 crore.

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