TCS Q3 net profit rises 11.95 per cent to Rs 12,380 Crore, employee base dips

India’s largest IT services company TCS on Thursday reported an 11.95 per cent jump in net profit at Rs 12,380 crore in the December quarter while the overall workforce reduced by over 5,000 employees.

The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period, and Rs 11,909 crore in the preceding September quarter.

The company’s revenue grew 5.6 per cent to Rs 63,973 crore as against Rs 60,583 crore a year earlier. However, it was down from Rs 64,259 crore in the September quarter.