Tata Consultancy Services posts strongest growth in 9 years

Reporting stellar set of numbers and strongest growth in the last nine years for a seasonally weak third quarter, the country’s largest software services exporter TCS on Friday reported a good set of earnings for the October-December 2020 period, with constant currency (CC) revenue growth of 4.1% sequentially.

The net profit increased 3.2% to Rs 8,701 crore ahead of Bloomberg consensus estimates of Rs 8,594.10 crore.

The recovery that started from the second quarter itself continued into the third quarter performance, while the company management said that it will be back to double digit growth numbers in FY22 as normalcy in operations is returning.