Tata Consultancy Services, India's largest software company, posted a smaller-than-expected third-quarter revenue on Thursday as its key North America market underperformed for the fifth quarter in a row.

TCS' revenue from operations declined 0.4% over the previous three months to Rs 63,973 crore in the third quarter

Geographically, demand was led by India market, which grew 70.2 percent YoY in constant currency (CC) terms, followed by MEA at 15 percent, Asia Pacific at 5.8 percent and Latin America at 7 percent.

The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period, and Rs 11,909 crore in the preceding September quarter.

Tata Consultancy Services , India's largest software company, posted a smaller-than-expected third-quarter revenue on Thursday as clients pared tech spends on account of macro-economic uncertainty.

TCS’s revenue for the quarter stood at Rs 63,973 crore, marking a 5.6% YoY increase (4.5% in constant currency). The operating margin was 24.5%, reflecting a YoY decline of 50 basis points but a sequential improvement of 40 basis points.

Tata Consultancy Services reports lower-than-expected Q3 revenue due to client tech spend cuts amid economic uncertainty.

During the previous quarter, the giant earned a consolidated net profit of Rs 11,909 crore in Q2FY25, registering growth of 5% YoY. On the top-line front, revenue climbed 8% YoY to Rs 64,259 crore.

Results: Tata Consultancy Services (TCS) reported a 12% rise in consolidated net profit for the December quarter, reaching Rs 12,380 crore, compared to the previous year's Rs 11,058 crore. The company declared an interim dividend of Rs 10 per share and a special dividend of Rs 66 per share.

India’s largest IT services firm, is set to release its audited financial results for the third quarter (Q3) and nine-month period ending December 31, 2024, today. The board meeting, scheduled for January 9,