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TCS reports flat revenue growth in Q3 as discretionary demand remains weak

share-iconPublished: Friday, January 10 share-iconUpdated: Friday, January 10 comment-icon10 months ago
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INDIATIMES
TCS reports flat revenue growth in Q3 as discretionary demand remains weak

Credited from: INDIATIMES

  • TCS's revenue saw a year-on-year increase of 4.5% in constant currency for the December quarter, but was flat sequentially.
  • In dollar terms, revenue rose to $7.5 billion, with a 3.6% increase compared to the prior period.
  • The seasonality and softer demand environment significantly impacted TCS's performance, notably in North America and Europe.
  • Despite negative growth in major geographies, TCS's CEO expressed confidence in upcoming trends and contract value growth.
  • TCS secured a major contract with BSNL worth over Rs 15,000 crore for deploying 4G networks in India, revealing potential for future growth.

For the full article, visit Times of India.

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Tcs Revenue growth Quarterly performance It services Discretionary demand
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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