TCS Q3 Profit Falls 14% Despite Revenue Growth
IT major Tata Consultancy Services (TCS) reported a 14% decline in net profit for the third quarter, with earnings falling to ₹10,657 crore compared to the same period last year. The drop comes amid rising operational costs, wage inflation, and currency fluctuations impacting margins, analysts said.
Despite the profit decline, the company’s revenue from operations grew 4.86%, reaching ₹67,087 crore from ₹63,973 crore in the corresponding quarter, reflecting continued demand for digital and technology services across global markets. TCS attributed the growth to strong performance in cloud, automation, and consulting services, particularly in Europe and North America.
The company maintained a positive outlook for the upcoming quarters, citing robust client pipelines, expansion in emerging technologies, and strategic investments in talent and infrastructure. Experts noted that while profit margins have been under pressure, TCS’s sustained revenue growth underscores its resilience in a competitive IT services landscape.
TCS Q3 Profit Falls 14% Despite Revenue Growth
