Jas Bardia

2 weeks ago | livemint.com | Jas Bardia

The results came in the backdrop of the company being buffeted by the winds of uncertainty over trade tariffs and consequent squeeze in discretionary spends from tight-fisted clients in its biggest geography—North AmericaBengaluru: The earnings season for the IT industry began on a grim note, with India’s IT bellwether seeing slowest full-year revenue growth in four years despite beating analyst expectations, with the added prospect of fourth quarter revenues and profits sliding as well.

2 weeks ago | htsyndication.com | Jas Bardia

Bengaluru, April 10 -- The earnings season for the IT industry began on a grim note, with India's IT bellwether seeing slowest full-year revenue growth in four years despite beating analyst expectations, with the added prospect of fourth quarter revenues and profits sliding as well. Tata Consultancy Services delivered FY25 revenues of $30.2 billion, a year-on-year (y-o-y) fall of 3.78%. The last time TCS clocked slower growth was in March 2021, when it reported 0.7% y-o-y growth.

2 weeks ago | livemint.com | Jas Bardia |Varun Sood

Bengaluru: Large deal wins at Wipro Ltd, India’s fourth largest IT exporter, are a rare event. But two sizeable contracts in 12 months have made market watchers sit up and take notice. On 26 March 2025, Wipro Ltd bagged a $650 million contract, spread over 10 years, from UK-based insurance company Phoenix Group, a firm traditionally serviced by Tata Consultancy Services Ltd (TCS), India’s largest IT services company. The Phoenix deal followed another large contract in June 2024.

2 weeks ago | livemint.com | Jas Bardia

On 2 April, US President Donald Trump imposed a range of tariffs on imports from several countries, triggering concerns of a worldwide tariff war. Analysts are worried that the world is on the cusp of a recession. Any recession is bad news for IT services companies because when Fortune 500 companies hold back their spending, the revenue of Indian IT outsourcers takes a hit. The impact has had shareholders on their heels.

2 weeks ago | htsyndication.com | Jas Bardia

New Delhi, April 9 -- At Tata Consultancy Services Ltd's annual strategy meet in Dubai in February, chairman Natarajan Chandrasekaran underscored the importance of generative AI (GenAI) and the need to incorporate the new technology in all that the company does. However, for the country's largest information technology services company, more concerning than incorporating GenAI now is the challenge of overcoming macroeconomic uncertainty.