Bengaluru, Oct. 8 -- Tata Consultancy Services Ltd reported quarterly profit that topped analysts' estimates, helped by cost-cutting measures and a gradually improving contract flow that helped drive growth at Asia's largest IT services provider.

Net profit rose 15% to Rs.13,884 crore ($1.4 billion) in the three months through September, the company said in a statement on Thursday. Analysts expected Rs.13,786 crore on average. Revenue climbed 11% to Rs.73,188 crore, helped by a decline in the Indian rupee versus the dollar and the euro.

TCS' major customers in the US and Europe and remain cautious with large IT projects, with geopolitical tensions and elevated inflation weighing on economic growth. At the same time, AI threatens to disr...