Tata Consultancy Services Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to 21.64 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 27.55 rupees per share.
EPS increased 9.5% year over year from 19.76 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 42.38 billion rupees, an increase of 9.5% from 38.71 billion rupees in the year-earlier period.
The normalized profit margin fell to 17.7% from 18.5% in the year-earlier period.
Total revenue grew 13.5% on an annual basis to 238.16 billion rupees from 209.77 billion rupees, and total operating expenses rose 19.0% year over year to 174.57 billion rupees from 146.66 billion rupees.
Reported net income increased 13.2% year over year to 52.44 billion rupees, or 26.77 rupees per share, from 46.33 billion rupees, or 23.65 rupees per share.
As of Oct. 16, US$1 was equivalent to 61.79 Indian rupees.
