As was the case in the October-December (Q3) quarter of 2023–24 (FY24), the country’s largest software company, Tata Consultancy Services (TCS), reported a better-than-expected operational performance, even as revenues were marginally lower than what the Street was working with.
While sequential revenue growth of 1.1 per cent missed most estimates, margin expansion continued for the third consecutive quarter.
Profitability (before interest and tax), also called Ebit (earnings before interest and tax) margins, at 26 per cent, was up 100 basis points (bps) sequentially and was the highest in 12 quarters.
Since the start of FY24, the software major has added