By Sethuraman N R
BENGALURU (Reuters) – India’s No.1 IT services exporter Tata Consultancy Services Ltd reported a second-quarter profit on Wednesday that just about beat estimates.
Net profit rose to 113.42 billion Indian rupees ($1.36 billion) in the three months ended Sept. 30 from 104.31 billion rupees a year earlier.
Analysts, on average, had expected a profit of 113.17 billion rupees, according to LSEG data.
It also approved share buyback worth 170 billion rupees.
($1 = 83.1590 Indian rupees)
(Reporting by Sethuraman NR in Bengaluru; Editing by Janane Venkatraman)
