TCS Q3 net profit grows 11% YoY to Rs 10,846 crore

Mumbai | Bengaluru: Tata Consultancy Services NSE -1.94 % (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.