Revenue was up 42 percent, profit was up 33 percent over the same quarter last year India outsourcer Tata Consultancy Services (TCS) Tuesday reported gains in both revenue and profit for the quarter ended June 30, reflecting a growing demand for offshore services and the depreciation of the Indian rupee against major currencies.TCS, of Mumbai, is India’s largest software and services outsourcer.Revenue for the period was $900 million, up by 42 percent from the same quarter last year. Profit for the quarter increased by 33 percent from a year earlier to $187 million. The results are based on U.S. generally accepted accounting principles (GAAP), and refer to the first quarter of the company’s fiscal year, which runs from April 1 to March 31 next year.About 53 percent of the company’s revenue in the quarter came from exports to North America, with another 27 percent from Europe. The company earned about 41 percent of its revenue from the banking and financial services industry. The company added 62 clients during the quarter, taking the total to 764.The company hired 4,698 employees, increasing the headcount as of June 30 to 71,190. The company’s staff attrition rate was 10.6 percent. TCS’ strong showing reflects an overall buoyancy in the Indian outsourcing industry. India’s exports of software and services are expected to grow by 27 percent to 30 percent in the year ending March 31, to post revenue between $29 billion to $31 billion, India’s National Association of Software and Service Companies said in June. Technology Industry