TCS Q3FY10 net profit rises 34%

TCS: India's biggest software exporter
TCS CEO: N Chandrasekaran
Indian IT & back office service industry: $60 bilion
net profit of TCS rose 34% to Rs.1824 crore during Q3FY10, while revenue rose 5.1%.
Like Infosys (revised revenue growth rate to 3.8% from 1.7%) , TCS revised its business outlook to positive. TCS added 32 new customers during the quarter.
TCS, whose main customers are financial services like Citigroup, JP Morgan & UK's Cardiff group, said that revenue growth from financial services is 7.3%.