TCS consolidates net profit of 5 per cent over Rs 11,342 crore

Tata Consultancy Services (TCS) trailed Street estimates for the quarter ended September 30 amid indications that its consumers had put a lid on spending.

The country’s largest IT services firm reported a consolidated net profit of ₹11,909 crore, a 5 per cent growth over ₹11,342 crore in the corresponding period of the previous year.