✉news BusinessBusiness first seen 9 h ago, last 7 h ago, peak #37
TCS posts weakest September quarter growth in three years
Original: India's TCS posts weakest September quarter growth in three years
India's Tata Consultancy Services, the country's largest IT services firm, reported its slowest revenue growth for a September quarter in three years, according to Reuters. The result puts a spotlight on softer demand for Indian outsourcing services, and market watchers are likely to scrutinise what it signals for the wider sector and upcoming peer earnings.
Why now: TCS is a bellwether for India's IT sector, so weak quarterly growth raises concerns about global tech spending and drags attention across the market.
Tata Consultancy ServicesTata GroupIndia
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