Key Points
's growth in the quarter ended September was weak, a reflection of pullback in discretionary spending, slower deal ramp ups, and weakness in its mainstay business vertical and region banking & financial services, and North America...
Given the macro-economic uncertainty, there are also many requests for cost optimisation, he said.. TCS won orders worth $11.2 billion in the quarter, its third consecutive quarter of closing over $10 billion in total contract value (TCV)..
The other is a $1 billion, five-year deal from the digital unit of JLR (Jaguar Land Rover) to transform, simplify, and help manage its digital estate, and build a new future-ready, strategic technology architecture...
Among geographies, the UK continued to outperform, with revenue growth of 10.7% year-on-year, while North America and. grew by 0.1% and 1.3% respectively...
"The outlook for spending is still high, but what we're told is household saving is coming down and it's projected to slow down further, he said.. COO N Ganapathy Subramaniam said TCS has a 100,000-strong pool of gen AI ready consultants and prompt-engineers who are engaged in hundreds of gen AI projects for its clients across segments..
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