TCS reported June-quarter revenue of $7.6 billion, showing a modest year-on-year increase. The company added over nine thousand employees, marking significant workforce expansion.
Consolidated net profit saw a sequential decline after a one-time legal charge. Operating margins decreased due to annual wage hikes, with a goal to return to twenty-five percent.
TCS expects AI to evolve jobs rather than eliminate them, creating new roles.
This story was reported by The Times of India. Read the full coverage at The Times of India.
