Tata Consultancy Services beat street estimates with net profit
rising 23.86% sequentially to Rs 4,702 cr during July-September
quarter. During the period, revenues jumped 16.6% QoQ (up 34.3%
YoY) to Rs 20,977 cr, driven by highest volume growth in last nine
quarters. The sharp depreciation in rupee also helped IT companies
report strong earnings in the quarter gone by.