TATA CONSULTANCY SERVICES LTD (TCS4.BO)
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- Reuters
India's TCS pins hopes on strong deal pipeline to drive growth in fiscal 2025
Tata Consultancy Services said on Friday it is banking on its robust deal pipeline to drive growth in 2025 after it reported lower-than-expected quarterly revenue on weak client spending in North America. The $254-billion Indian IT sector's clients have been curtailing their discretionary spends amid inflationary pressures and recession fears in key markets such as the United States and Europe. Industry body Nasscom estimated overall revenue growth more than halved to 3.8% last financial year.
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