TCS Q3 net grows 11% to Rs 10,846 crore, crosses $7-bn quarterly revenue milestone

Tata Consultancy Services (TCS) reported 11% on-year growth in net profit for the third quarter of the financial year. An ET poll of analysts had expected the Mumbai-headquartered company’s profits to expand by 12.5%.

The company also saw a reduction in its total workforce for the first time in ten quarters as it slowed down fresh hiring.