TCS Q3 profit rise by 5.1 per cent

Mumbai: Tata Consultancy Services Ltd, India's biggest software services exporter, on Thursday posted a 5.1 per cent rise in quarterly profit as its main U.S. and Europe clients increased tech spending in a seasonally weak quarter.

Net profit for the three months to December 31, its financial third quarter, rose to 54.44 billion rupees ($877 million), the Mumbai-based company disclosed in tweets on its official Twitter handles on Thursday.

The year-end holidays usually mean weaker third-quarter sales for IT services firms, and TCS said in December it expected quarterly profit to be "in line with seasonal trends".