India’s biggest IT services exporter Tata Consultancy Services on Thursday reported record quarterly earnings, buoyed by growth in its banking and financial services division and increased demand in Western markets.
Mumbai-based TCS posted a 24.1 percent rise in net profit to 81.04 billion rupees ($1.15 billion) for the quarter ended December 31, up from 65.31 billion a year earlier, the company said in a statement.