TCS results suggest IT industry’s struggles have worsened2 min read 13 Oct 2016, 09:51 PM IST
TCS reported a mere 1% sequential revenue growth in constant currency terms for the September quarter, far lower than the 2.5% growth the Street had estimated
Indian IT companies have struggled for growth for quite some time now. Growth of top-tier IT companies fell to around 9% in the June quarter, compared to a near-term peak of 14%, according to analysts at Nomura Research.
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