TCS reports 5% growth in net income amid mourning for Ratan Tata

MUMBAI: Tata Consultancy Services, the largest software exporter from the country, has logged in a 5 percent growth in net income at Rs 11,909 crore, earning an 18.5 percent profit margin from a Rs 64,259-crore revenue that has clipped at 7.6 percent on-year in the September quarter.

Following the passing of Ratan Naval Tata late last night due to age-related ailments, the emeritus chairman of the Tata Group and Tata Sons, TCS has cancelled its planned post-earnings press conference to mourn the loss of its former chairman, under whose leadership the company became the largest software exporter and a major cash cow for the group. Tata will be laid to rest with full state honours later this evening.