CNBC-TV18 had forecast the profit at Rs 6,183 crore.
Sales in dollar terms, the currency in which India's IT sector earns much of its revenue, rose 3.2 percent to $4,739 million from $4,591 million for the June quarter. Brokerage IDBI had forecast TCS' revenue to grow 3.2% at Rs 30,534 crore, while HDFC Securities had forecast a 3.5% to 3.6% growth QoQ.
New Delhi, Oct 12 Shares of Tata Consultancy Services (TCS) today rose by almost 2 per cent ahead of its September quarter earnings announcement later in the day.
"We experienced robust volume growth in Q2, driven by good demand across multiple industry verticals". Strong, broadbased client metrics this quarter demonstrates our Increasing success with newer customers.
"We continue to gain share in the fast-growing digital spend of our customers", TCS Chief Executive Rajesh Gopinathan said in a statement.
Travel & hospitality segment growth was 8 percent QoQ, energy & utilities 7.2 percent, and life sciences & healthcare 3.6 percent in the quarter ended September 2017.
TCS's digital revenue increased 31% year- on-year and accounted for 19.7% of the IT firm's revenue. It rose sharply from 23.4% in the previous quarter to 25.1%, inching towards last years 26%.
Europe business registered a 5.3 percent growth on sequential basis, Latin America 5.7 percent, APAC 3 percent and United Kingdom 2.5 percent while North America grew by 1.4 percent QoQ with continued softness in banking & retail segment, the company said.
TCS is the first among India's software services exporters to report earnings for July-September. Analysts polled by Reuters had expected the outsourcer to post a net profit of Rs 6,306 crore in September quarter.
For the quarter just gone by, in the current fiscal year that ends March 2018, the performance has been "very satisfying, striking a good balance between pursuing revenue growth, particularly in digital opportunities, while tightening our execution to deliver greater efficiency", said N Ganapathy Subramaniam, COO at TCS. The growth, as analysts say, is due to the support from strong seasonality and cross-currency tailwinds.