Reported 4 days ago
Tata Consultancy Services (TCS), India's leading software exporter, reported disappointing quarterly results and indicated that uncertainty regarding U.S. tariffs is causing clients to hesitate on discretionary projects. CEO K Krithivasan noted a slowdown in decision-making and project initiation due to tariff discussions, though he expects improvements in the upcoming fiscal year. Despite a slight profit decrease and revenue falling short of forecasts, TCS aims for recovery as the impact of tariffs stabilizes over the next few months.
Source: YAHOO