TCS’ Q3FY21 consolidated net profit up 7.2%

Mumbai, Jan 8 : IT major Tata Consultancy Services (TCS) on Friday reported a rise of 7.2 per cent in its consolidated net profit for the third quarter of FY21.
In a statement, the IT major said that consolidated net profit rose to Rs 8,701 crore during the quarter under review from Rs 8,118 crore reported for the previous corresponding period.
All verticals showed healthy sequential growth, led by manufacturing, BFSI, Life Sciences and Healthcare, communications and media and retail and CPG.
On a year on year, constant currency basis, life sciences and healthcare continued to grow in double digits at 18.2 per cent.
In terms of markets, sequential growth was led by North America, India, UK and continental Europe.
As per the company, strong rebound was seen in growth and transformation services as customers seek to operationalise new models.