Reported 1 day ago
Tata Consultancy Services (TCS) anticipates increased tech spending from its retail and manufacturing clients in North America, following an upturn in the banking sector. CFO Samir Seksaria noted hopeful trends in consumer sentiment and labor issues easing in manufacturing. Despite a decline in revenue for the fifth consecutive quarter in North America, which is TCS's largest market, successful holiday sales from major retailers signify potential improvement. The company remains optimistic that these sectors will see recovery, bolstered by easing interest rates and potential policy shifts from the U.S. administration.
Source: YAHOO