Tata Consultancy Services announced earnings today for the third quarter ending Dec. 31, 2011, with revenues for the quarter at $2.59 billion, up 20.6 percent year-over-year. Profits, meanwhile, are up 9.1 percent year-over-year.
The results were helped by growth across markets, including Europe, growth across industries and service lines, according to N. Chandrasekaran, TCS' CEO.
Key highlights for the quarter include: North American revenue grew by 13.3 percent from the previous and 36 percent year over year.
Top industries by percentage of total revenue were: Banking, Financial Services & Insurance (43.3 percent), Retail & Distribution (12.3 percent) and Telecom (10 percent).
Top service lines by percentage of total revenue were: Application Development & Maintenance (44 percent), Enterprise Solutions (11.4 percent) and Business Process Outsourcing (10.8 percent).
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