TCS Sees Tepid Revenue Growth Amid Global Challenges
TCS reported a modest 6% growth in net profit for the June quarter at Rs 12,760 crore, driven by non-core income. Revenue growth faced challenges with contractions in major markets due to macroeconomic and geopolitical uncertainties. The company remains hopeful for better revenue in FY26 despite current challenges.
- Country:
- India
Tata Consultancy Services (TCS), India's largest IT services firm, reported a 6% increase in net profit amounting to Rs 12,760 crore for the quarter ending in June, largely driven by a boost in non-core income.
However, revenue growth remained sluggish, with a mere 1.3% increase in rupee revenue. This slowdown reflected challenges in key markets and the conclusion of the BSNL deal, impacting revenue in recent quarters.
Despite these challenges, TCS CEO K Krithivasan remains cautiously optimistic about a better revenue outlook in FY26, citing positive global trade developments and potential clarity in market spending constraints by early August.
(With inputs from agencies.)
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