The country's largest IT services provider Tata Consultancy Services (TCS) on April 16 reported a consolidated profit at Rs 8,049 crore, registering a 0.85 percent decline compared to the previous quarter.
The profit for the quarter ended December 2019 stood at Rs 8,118 crore.
Profitability was hit by lower other income and higher finance cost, but supported by operating growth.
The numbers: The company said its consolidated revenue for the quarter increased to Rs 39,946 crore, from Rs 39,854 crore in the October-December period 2019 and from Rs 38,010 crore in the March quarter of FY19.
The numbers were slightly below analyst estimates. Profit was estimated at Rs 8,200 on revenue of Rs 40,440 crore for the quarter.
Dollar revenue for the quarter at $5,444 million, while constant currency revenue growth at 3 percent during the quarter, much lower compared to 6.8 percent in December quarter and 12.7 percent in Q4FY19.
Life sciences lead revenue growth: TCS said its revenue growth was led by life sciences and healthcare (16.2 percent), communications and media (9.3 percent) and manufacturing (7 percent).
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