Tata Consultancy Services (TCS) will report better growth figure than Nasscom's estimate for the current financial year, the software exporter's chief financial officer (CFO) and executive director S Mahalingam said.

Mahalingam claimed that TCS would keep on growing in the current quarter, and the growth for the full year would outpace the industry's average growth.

Speaking on the topic, he said, "We have demonstrated strong financial performance in the first two quarters. We believe that our growth for this financial year will be better than Nasscom's estimate."

As per industry body Nasscom's estimate, Indian software companies will report average business growth of around 11 per cent for the current full financial year.

For the July to September quarter of this year, TCS reported operating margin of 26.7% under Indian generally accepted accounting principles. During this period, and pocketed a net profit of Rs 3,434 crore on revenues of Rs 15,621 crore.

Mahalingam said that the software firm may incur a foreign exchange loss of nearly Rs 30-35 crore in the October to December quarter of this year.

But, the CFO added that customers were not planning to slash technology budgets, and customers' spending on software solutions would remain stable.