January 10, 2019 / 11:43 AM / 8 days ago

India's Tata Consultancy Services posts record quarterly profit

Jan 10 (Reuters) - Tata Consultancy Services, India’s biggest software services exporter, posted a 24.1 percent rise in third quarter net profit on Thursday, helped by strong gains from its Banking, Financial Services And Insurance segment.

The Mumbai-based company posted a record net profit of 81.05 billion rupees ($1.15 billion) in the third quarter ended December 31, versus 65.31 billion rupees it reported a year earlier.

That narrowly missed an average estimate of 82.19 billion from 25 analysts, Refinitiv data shows.

Income from operations rose 20.8 percent, it said in a statement here

$1 = 70.4025 Indian rupees Reporting By Arnab Paul in Bengaluru; Editing by Himani Sarkar/Keith Weir

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