Market Intelligence

India's Tata Consultancy Services posts record Q4 profit


April 12 - India's top IT services exporter, Tata Consultancy Services Ltd , a record quarterly profit on Friday, helped by a strong performance in its banking, financial services and insurance segment BSFI (graphic).

Net profit for the January-March quarter came in at 81.26 billion rupees ($1.17 billion) compared to 69.04 billion rupees last year.

Some 33 analysts on average expected a profit of 80.11 billion rupees, Refinitiv Eikon data showed.

($1 = 69.2240 Indian rupees)

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