TCS projected to achieve single-digit growth in profit, revenue in Q1FY25 on business recovery

Tata Consultancy Services (TCS) is projected to achieve single-digit growth in revenue and profit during the April-June quarter of fiscal year 2024-25 (Q1FY25) compared to the same period last year. This growth is attributed to a recovery in the flow of business and clients’ willingness to resume discretionary spending. However, TCS may face margin pressure due to wage hikes.