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Cagey clients, BSNL blues chip away at TCS revenue
Hindustan Times Amritsar
|July 11, 2025
Deferred spending slows contracts; revenue from BSNL begins to trickle
Tata Consultancy Services Ltd kicked off the earnings season on a gloomy note on Thursday, clocking a third straight quarter of lower revenue, as its global clients awaited clarity and its Indian business engines cooled.
India's largest IT services company recorded revenue of $7.42 billion in the June quarter, down 0.59% from the preceding quarter and 1.12% from a year before. The earnings lagged estimates of 33 analysts polled by Bloomberg, who expected TCS to clock $7.54 billion in revenue. This was the Mumbai-headquartered company's worst Ql performance since June 2020 when its revenue fell 7% sequentially.
MD and CEO K. Krithivasan sounded cautious when he spoke to reporters after the earnings announcement.
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