Tata Consultancy Services Net Profit Rose in 1Q

By Olivia Bugault

Tata Consultancy Services Ltd. said Thursday that its first-quarter net profit rose 28.5% from a year earlier with growth in all its industries.

The Indian IT and consulting solutions company said net profit for the quarter ended June 30 rose to 90.08 billion Indian rupees ($1.20 billion) from INR70.08 billion a year earlier. Analysts had forecast net profit of INR93.37 billion according to a FactSet poll.

First-quarter revenue increased 18.5% to INR454.11 billion from INR383.22 billion a year earlier.

Write to Olivia Bugault at [e-mail]

(END) Dow Jones Newswires

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