TCS revenue dips on muted US, Europe

last year. While TCS does not offer revenue guidance, at the current pace, its performance will not be much better than last year, when revenue grew 4.1% on a yearly basis.

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Still, TCS reported $1.46 billion in net profit, up 2.6% sequentially, and in line with $1.46 billion estimated in a Bloomberg survey. In another bright spot, the company managed to snap the steady margin decline that began early 2024.

Profitability in the third quarter stood at 24.5%, up 40 basis points sequentially.

TCS was not perturbed about the debate around H-1B visas in the US. There have been demands from US President-elect Donald Trump's support base to restrict the visa programme critical for software services companies with large workforces in the US.

"We have a global operating model, and we have a global workforce," Milind Lakkad, chief human resources officer said at the press-conference. "And while we obviously want to provide opportunities to people, eventually, depending on the visa category, I don't think that is the major concern for us, because we have a global model in place," said Lakkad.