TCS revenue grows 6.4% in third quarter

Tata Consultancy Services (TCS) has reported revenue of $5,586 million (+6.4 percent) with operating margin of 25 percent and net income of $1,138 million for the third quarter ending December 31, 2019.

TCS has achieved revenue growth of 17.1 percent in Life Sciences & Healthcare, 9.2 percent in Manufacturing and 9.5 percent in Communications & Media verticals during the December quarter of 2019.

TCS CEO Rajesh Gopinathan said: “Our order book during the third quarter reflects our ability to pitch innovative technology solutions to address the business needs of different stakeholders in the enterprise, and participate in our customers’ enterprise-wide transformation initiatives.”