Tata Consultancy Services Posts Higher Quarterly Net Profit
By Sherry Qin
Tata Consultancy Services reported a rise in fourth-quarter net profit, supported by higher profit from its key banking, financial services and insurance segment.
The Indian information-technology services provider said Friday that net profit rose 9.1% from a year earlier to 124.34 billion rupees ($1.49 billion) for the three months ended March. That beat the estimate of INR120.85 billion in a poll of analysts by data provider Visible Alpha.
Profit from its banking, financial services and insurance segment rose to INR63.05 billion from INR58.69 billion.
Fourth-quarter revenue increased 3.5% to INR612.37 billion.
The company declared a final dividend of INR28 a share.
Write to Sherry Qin at sherry.qin@wsj.com
(END) Dow Jones Newswires
April 12, 2024 07:03 ET (11:03 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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