Tata Consultancy Services (TCS), India’s largest IT services firm, reported a 6% increase in consolidated revenue from operations for Q3 FY25, reaching ₹63,973 crore, up from ₹60,583 crore in Q3 FY24. The company’s consolidated net profit rose to ₹12,380 crore, compared to ₹11,058 crore in the same period last year, with a sequential increase of 4%. Despite Q3 being a typically weak season for IT companies, TCS experienced strong total contract value (TCV) growth, driven by investments in cybersecurity, artificial intelligence (AI), and generative AI partnerships. CEO K Krithivasan expressed satisfaction with the diverse TCV performance, which enhances long-term growth visibility. He noted a recovery in the banking, financial services, and insurance (BFSI) and consumer business group (CBG) sectors, alongside promising signs of increased discretionary spending. The major IT firms, including TCS, Infosys, Wipro, and HCL, plan to significantly increase their revenues from the Indian market, leveraging the country’s digital transformation and the rising adoption of AI technologies. In November 2024, TCS extended its contract with the System for Pension Administration Raksha (SPARSH) for automating pension processes for defense personnel and expanded its partnership with the Bank of Baroda for a financial inclusion solution. Internationally, TCS secured contracts with […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
