India’s largest IT company Tata Consultancy Services on Friday announced a 14.12% increase in consolidated net profit to Rs 9,624 crore for the quarter ended September 2021, from Rs 8,433 crore recorded in same quarter of last year.
Its consolidated turnover during the July-September period increased by 16.8% to Rs 46,867 crore, from Rs 40,135 crore recorded a year ago, thanks to the increase in booklets of orders, the resumption of operations in India and the increase in digital spending for companies.
Rajesh Gopinathan, MD and CEO, said, “The environment of strong and sustained demand is a unique opportunity to position us as our clients’ preferred growth and transformation partner. “
TCS shares gained 1.10% to Rs 3,935.30 on BSE on Friday.
“We are using the growth winds to invest in building relevant capacity and building a comprehensive portfolio of offerings that reaches out to a wider range of business stakeholders across business cycles, strengthening our brand and making our business more resilient. We believe this is the most sustainable way to create long-term value for all of our stakeholders, ”said Gopinathan. All verticals posted double-digit year-over-year growth. All major markets posted strong growth, led by North America (17.4%).