BusinessTCS Reports Slowest Quarterly Growth in Three Years Amid Weak Demand
Tata Consultancy Services Ltd (TCS) reported its slowest second-quarter growth in three years with revenue of $7.64 billion for July-September 2026, up 0.2% sequentially and 2.36% year-on-year. Despite beating analyst estimates, client demand remains muted, especially for discretionary programs. Banks and financial institutions drove most growth, offsetting regional declines. CEO K. Krithivasan noted no material change in demand, signaling caution for peers like Infosys, HCL, and Wipro.
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