Tata Consultancy Services Q2 profit up 13.6%

MUMBAI: Tata Consultancy Services Ltd, India's biggest software services exporter, posted a 13.6% rise in quarterly profit on strong demand from global clients.

Net profit for the three months to September 30, its financial second quarter, rose to Rs 52.88 billion ($854.46 million) from Rs 46.54 billion a year ago, the Mumbai-based company said.

Exports by India's IT outsourcing sector are expected to rise 13-15% in the current fiscal year, according to the National Association of Software and Services Companies, as an improving global economy encourages banks and companies to boost spending on technology.

READ ALSO: CMC to merge with Tata Consultancy Services

Analysts, on average, were expecting the company to earn 53.84 billion rupees, according to Thomson Reuters I/B/E/S.

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