TCS' profit for the quarter ending in June was $144.8 million (6.3 billion rupees compared with 4.71 billion rupees in the previous quarter). Because TCS only recently began reporting its financials after its stock was publicly listed, comparable figures for the earlier year were not available.
TIL has substantial operations in the U.S., U.K., Australia, and other nations, TCS said. As for TCS, its revenues in its latest accounting year were more than $2 billion, the firm said.
"The merger (with TIL) will provide TCS an expanded customer base and a deeper penetration in key geographies, and TIL customers will have access to the wider range of services offered by TCS," the firm stated, noting that TIL has a strong presence in system integration.
In announcing its earnings, TCS said that it had recently landed a $100 million order from a U.S. financial services firm that it did not identify. The majority of shares in TCS and TIL are held by Tata Sons Ltd. TCS said it has more than 43,000 employees.