Discretionary spending remains lukewarm

Company
12 Jul 2024
5 Min read 
  • TCS reported 1QFY25 results with revenue growth of 1.9% QoQ.
  •  Deal TCV was USD8.3b, down 37.1% QoQ and 18.6% YoY.
  •  Revenue growth was driven by India, UK, and North America.
  •  EBIT margin declined by 130bp QoQ to 24.7%.
  •  TCS expects FY25 revenue growth of 5.5% YoY in constant currency.
  •  The company announced a dividend of INR10/share in 1QFY25.
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