TCS reports weaker than expected Q4 numbers; flags pain in North American market

Tata Consultancy Services (TCS) said its net profit for the final quarter of fiscal 2023 rose 15% on-year, but India’s largest software exporter pointed to macroeconomic concerns, especially in its largest market of North America, which dragged down its quarterly performance.

Outgoing CEO & MD Rajesh Gopinathan told reporters on Wednesday that the fourth quarter numbers were “definitely weaker-than anticipated.” He is scheduled to hand over the baton to the new CEO-designate K Krithivasan, who will take over from June 1, the company said.
https://economictimes.indiatimes.com/tech/information-tech/tcs-posts-15-rise-in-q4-profit-flags-pain-in-north-american-market/articleshow/99444899.cms