MUMBAI: Beating market estimates, Indian IT bellwether Tata Consulting Services (TCS) reported consolidated net profit of 5,288 crore for the second quarter (July-September) of this fiscal (2014-15), registering a 13.6 percent growth from 4,654 crore in the like period a year ago and 4.6 percent growth sequentially from 5,058 crore a quarter ago.

Similarly, the global software major’s consolidated revenue increased to 23,816 crore for the quarter (Q2) under review, posting 13.5 growth from 20,977 crore in the same period a year ago and 7.7 percent sequentially from 22,111 crore quarter ago, under the Indian financial accounting standard.

Under the International Financial Reporting Standard (IFRS), net income rose to $872 million, which is 17.8 percent up year-on-year (YoY) and 3.2 percent up sequentially, while revenue grew 17.7 percent YoY and 6.4 percent sequentially to $3.93 billion.

Volume growth was 6.1 percent during the quarter.

Operating profit grew 10 percent sequentially to 6,394 crore and operating margin to 26.8 percent.

Under IFRS, operating profit grew 4.8 percent annually and 8.6 percent quarterly to $1,055 million.

“Driven by strong volume growth and robust utilisation rates, this has been a quarter of steady, consistent performance. Our solid showing has been marked by broad-based growth in key markets, industries and services,” TCS chief executive N. Chandrasekaran said in a statement.