Sunday, March 16, 2025 | 03:14 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Near-term growth snags could keep IT services giant TCS in a bind

Yet, positioned for revenue growth with recent strong deals, driven by a strengthening US economy

Photo: PTI
Premium

Photo: PTI

Ram Prasad Sahu Mumbai
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in