India’s top IT firms post healthy growth

In a strange coincidence, India’s top three software services companies – Tata Consultancy Services, Infosys and Wipro – announced their results for the October-December quarter on the same day.

The three companies recorded growth for the quarter and had a healthy deal pipeline, but employee attrition remains a major concern.

Tata Consultancy Services reported a net profit of 97.63 billion rupees (US$1.33 billion) for the third quarter, 12.2% higher than the year-ago period. On a sequential basis, its net profit grew 1.4%.

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