BusinessTCS Q2 Results Show Modest Growth, Impacting IT Sector Outlook
Tata Consultancy Services reported a 4% sequential rise in net profit to Rs 13,884 crore and a 1.3% revenue increase to Rs 73,188 crore in Q2. EBIT margin remained stable at 24%. However, constant-currency revenue growth was only 0.5%, below expectations, indicating subdued client spending. This cautious demand environment affects Infosys, Wipro, HCLTech, and Tech Mahindra, suggesting limited recovery in discretionary technology spending.
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