Tata Consultancy Profit Rises 14%, Matching Analysts Estimates

Tata Consultancy Services Ltd., Asia’s biggest software services provider, reported net profit that rose 14 percent, almost matching analysts’ estimates.

Net income rose to 60.6 billion rupees ($929 million) in the quarter through Sept. 30 from 52.9 billion rupees a year earlier, the Mumbai-based company said. That compares with the

60.3 billion-rupee estimate in a Bloomberg survey.

It reported revenue of 271.7 billion rupees in the three months, versus the estimate of 272.3 billion rupees.

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