09
Oct
Tata Consultancy Services (TCS) has posted solid deal wins in Q2, including a $640 million contract with Scandinavian insurer Tryg. Analysts observe early signs of recovery in discretionary IT spending in the BFSI and Technology sectors, while Manufacturing, Automotive, Retail, and Communications remain under pressure. Centrum analysts note that client caution continues, resulting in prolonged decision-making. Recent deal signings focus on cost-efficiency and vendor consolidation. The use of AI tools is anticipated to enhance revenue per employee and support overall productivity. As the largest order book holder among Indian IT firms, TCS’ commentary on demand outlook is expected to shape…
