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India's TCS misses Q4 revenue estimates on weak client spending, ET Telecom

TCS: Revenue in North America, which accounts for half of total revenue, slipped 2.3% year-on-year. Revenue from banking, financial services and insurance clients, its biggest vertical, fell 3.2%. ....

United States , United Kingdom , Devang Bhatt , N Ganapathy Subramaniam , Samir Seksaria , Haripriya Suresh , Tata Consultancy Services , Sai Ishwarbharath , North America , Chief Operating Officern Ganapathy Subramaniam , Chief Financial Officer Samir Seksaria ,

IT stocks on road to revival, may be dark horse this year

Information technology (IT) companies have been on the road to revival in the past one year. From being the worst-hit sector in 2022 with a loss of 26 per cent, the Nifty IT index closed 2023 with gains of 24 per cent.

So far in 2024, the index is up around 7 per cent against the nearly flat Nifty 50 benchmark index.

The IT index has been on a continuous decline in the last three sessions. ....

Nirvi Ashar , Devang Bhatt , Motilal Oswal Financial Services , Ambit Capital , Business News , Usiness News India , Ndia Business News , Ndian Economy News , Ndian Financial News ,