IT services firm Tata Consultancy Services had posted a net profit of Rs 7,901 crore in the year-ago period, TCS said in a BSE filing. iStockCountry's largest IT services firm Tata Consultancy Services (TCS) on Thursday reported a 1.8 per cent rise in consolidated net profit at Rs 8,042 crore for the quarter ending September 30, 2019. It had posted a net profit of Rs 7,901 crore in the year-ago period, TCS said in a BSE filing. Revenue of the Mumbai-based firm grew 5.8 per cent to Rs 38,977 crore in the July-September quarter compared to Rs 36,854 crore in the same quarter of the previous fiscal, it added. "We ended the quarter with steady growth despite increased volatility in the financial services and retail verticals.

Source: The Telegraph October 10, 2019 12:45 UTC