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TCS Misses Revenue Estimates on North America Weakness
Hindustan Times Pune
|April 11, 2025
India's largest software services provider Tata Consultancy Services posted lower-than-expected revenue for the fourth quarter due to persistent weakness in North America, its largest market.
BENGALURU:
Its consolidated revenue rose 5.3% to ₹64,479 crore ($7.49 billion) in the quarter. Analysts, on average, expected ₹64,758 crore, per data compiled by LSEG.
India's $283 billion IT sector was counting on US President Donald Trump to revive client confidence and discretionary spending in its biggest market, but analysts now expect tariff-induced uncertainty to limit corporate budgets in America.
Quarterly net profit for TCS fell 1.69% to ₹12,224 crore, compared with analysts' mean estimate of ₹12,654 crore.
Denne historien er fra April 11, 2025-utgaven av Hindustan Times Pune.
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