Tata Consultancy Services Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to 22.63 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 28.23 rupees per share.
EPS climbed year over year from 21.97 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 44.33 billion rupees, an increase from 43.03 billion rupees in the year-earlier period.
The normalized profit margin dropped to 18.1% from 20.2% in the year-earlier period.
Total revenue grew 15.1% on an annual basis to 245.01 billion rupees from 212.94 billion rupees, and total operating expenses climbed 19.8% on an annual basis to 179.08 billion rupees from 149.49 billion rupees.
Reported net income totaled 53.28 billion rupees, or 27.20 rupees per share, compared with 53.33 billion rupees, or 27.23 rupees per share, in the year-earlier period.
As of Jan. 19, US$1 was equivalent to 61.63 Indian rupees.
