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Tata Consultancy profit rises 22%, matches forecasts

Source : REUTERS
Last Updated: Wed, Apr 17, 2013 12:09 hrs
Logos of TCS are displayed at the venue of the annual general meeting of the software services provider in Mumbai

Tata Consultancy Services Ltd, India's top software services provider, matched estimates with a 22 percent rise in quarterly profit after winning orders from customers including Nokia and BNP Paribas.

Net profit for the fiscal fourth quarter ended March 31 rose to 35.97 billion rupees from 29.46 billion rupees in the year-earlier period, TCS said in a statement on Wednesday after Indian markets had closed.

That was roughly in line with an average earnings estimate of 36.2 billion rupees among 20 analysts polled by Thomson Reuters I/B/E/S.

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