FILE PHOTO: Figurines with computers and smartphones are seen in front of Tata Consultanct Services logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
BENGALURU (Reuters) - Tata Consultancy Services, India's No.1 software services exporter, reported a better-than-expected increase in third-quarter revenue, helped by the strong performance in the U.K.
Consolidated revenue rose to 605.83 billion rupees ($7.30 billion) in the three months to Dec. 31 from 582.29 billion rupees a year earlier, TCS said in an exchange filing.
Analysts on average were expecting revenue of 601.47 billion rupees, according to LSEG data.
Revenue in its U.K. market grew 8.1%, but declined 3% in North America, due to extended furloughs and clients cutting discretionary spending amid macroeconomic challenges.
TCS secured deals worth $8.10 billion in the quarter, down from the $11.2 billion in July-September.
Consolidated profit rose 2% to 110.58 billion rupees, including an impairment charge of 9.58 billion rupees. ($1 = 83.0100 Indian rupees)
(This story has been corrected to say '9.58 billion rupees' instead of '9.85 billion rupees' in paragraph 6)
(Reporting by Sai Ishwarbharath B, Varun Vyas, and Haripriya Suresh in Bengaluru; Editing by Dhanya Ann Thoppil)
Unlock 30% Savings on Ad-Free Access Now!
