Reported 1 day ago
Tata Consultancy Services (TCS) expects a revival in retail and manufacturing sectors in North America as tech spending increases following a recovery in banking services. CFO Samir Seksaria noted improved consumer sentiment and resolved labor issues in manufacturing, despite ongoing economic uncertainties and declining revenues in North America. Record holiday sales among major retailers may further boost spending, while a decline in interest rates could benefit TCS's lagging communications and media segment.
Source: YAHOO