BENGALURU, Oct 10 (Reuters) - Tata Consultancy Services Ltd (TCS) missed analysts’ estimates for September-quarter profit on Thursday, as India’s No. 1 IT services exporter faced sluggish demand in its key banking services segment amid signs of a global slowdown.
TCS, India’s second-most valuable company, said net profit rose to 80.42 billion Indian rupees ($1.13 billion) in the three months ended Sept. 30, from 79.01 billion rupees a year ago.
Analysts on average had expected a profit of 82.55 billion rupees.
Revenue rose 5.8%. ($1 = 71.08 Indian rupees) (Reporting by Derek Francis in Bengaluru; Editing by Maju Samuel)