Thu Jan 09 11:39:36 UTC 2025: **TCS Reports Strong Q3 Profit Despite Employee Reduction**

**Mumbai, January 9, 2025** – Tata Consultancy Services (TCS), India’s largest IT services exporter, announced an 11.95% surge in net profit for the December quarter, reaching ₹12,380 crore. This represents a significant increase compared to ₹11,058 crore in the same period last year and ₹11,909 crore in the previous quarter. While total income rose by 6.13% to ₹65,216 crore, overall expenses also increased by 6.33% to ₹48,550 crore.

Despite the strong financial performance, TCS reported a decrease of over 5,000 employees, bringing the total workforce to 607,354. The company’s stock price, however, closed down 1.72% at ₹4,036.65 on the BSE.

Read More