The global supply chain is being redesigned by the pandemic, not only in terms of just-in-time but also just-in-case, and these are all presenting significant opportunities to Tata Consultancy Services, Chairman N Chandrasekaran says at the TCS AGM.
Updated Jan 08, 2021 | 19:21 IST TCS Q3 FY21 net rose to Rs 8,701 crore or 7.18% higher as compared to Rs 8,118 crore in the year-ago period TCS CEO Rajesh Gopinathan I File photo | Photo Credit: AFP
Mumbai: India’s largest IT services exporter Tata Consultancy Services (TCS) reported a 7.18% year-on-year (YoY) jump in net profits during the third quarter (Q3) for the financial year 2020-21 (FY21).
TCS Q3 FY21 net rose to Rs 8,701 crore as compared to Rs 8,118 crore in the year-ago period. This is more than ET Now poll of analysts which pegged the same at Rs 8,600 crore.
The company s revenue during the quarter ended December 31, 2020, rose by 5.42% YoY to Rs 42,015 crore against Rs 39,854 crore in the corresponding period in FY20. The company s revenue growth in Q3 FY21was strongest in the last 9 years.