Tata Consultancy Services (TCS), India's largest IT services firm, reported lower-than-expected revenue for the fourth quarter of the fiscal year. While the company continues to see demand for its digital transformation services, revenue growth was weaker than analysts had forecast.
TCS pointed to delays in client decision-making and budget constraints, especially in key markets like North America and Europe. Despite this, the company maintained a confident outlook for long-term growth, citing strong client relationships and a robust deal pipeline.
Investors and market analysts are watching closely, as this earnings dip could signal broader trends in the global IT services sector. TCS also emphasized its ongoing focus on AI, cloud, and automation services to stay competitive in the rapidly changing tech landscape.