Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions firm, witnessed a 4.2% rise in the consolidated net profit on year-on-year basis (a 2.5% fall on sequential basis) to Rs 66.08 billion for the quarter ended March 2017.

Revenues up 4.2% on year-on-year basis (0.3% lower on sequential basis) to Rs 296.42 billion.

Commenting on FY17, Rajesh Gopinathan, CEO and MD said, "FY17 was a year of broad-based growth amidst economic and political turbulence in our key markets. We added $1.4 billion dollars in constant currency revenues during the year and increased our digital revenues sharply as we helped our customers leverage the Digital economy. Our digital business grew at 29% annually with most industries showing double digit growth as we steadily increased the number of customers across different revenue bands."

Gopinathan added, "Our clients are looking for integrated offerings as they advance their Cloud agenda and we have a solid pipeline of deals across markets and industries. On the back of digital adoption, Agile, Automation and Cloud are the themes that we are going to market to drive efficiencies and predictable outcomes across our clients Infrastructure, Applications and Business Operations."

Shares of the company declined Rs 12.2, or 0.53%, to settle at Rs 2,308.65. The total volume of shares traded was 77,726 at the BSE (Tuesday).