Reported about 16 hours ago
Tata Consultancy Services (TCS), India's leading software exporter, exceeded quarterly revenue predictions with a 2.4% year-on-year growth, primarily fueled by its banking and financial services segment despite challenges from U.S. tariffs and visa restrictions. The company's consolidated sales reached 657.99 billion rupees ($7.4 billion), surpassing analysts' expectations, although profit slightly missed target figures. While TCS navigates a tough demand landscape, it recorded substantial order bookings and a recent significant contract in the insurance sector.
Source: YAHOO