Reported 2 days ago
Tata Consultancy Services (TCS) expressed concerns that its retail, travel, and automobile clients are increasingly vulnerable to the impacts of U.S. tariff changes, which may lead to cost-cutting measures if uncertainty continues. While the banking and financial services sector remains stable, TCS noted a delay in discretionary project decisions among clients amid the global trade tensions. Despite a missed earnings estimate, TCS anticipates that the market's uncertainty will not last long and expects fiscal year 2026 to show improvement.
Source: YAHOO