With one mega hit on home ground, TCS kicks off first quarter on the front foot
By
Binu Mathew
Tata Consultancy Services Ltd kick-started the first quarterly earnings season of 2024-25 on a buoyant note, growing faster than its average pace in the previous five financial years.
Growth in the April-June period, however, was considerably driven by a one-off deal in its home turf—an unconventional growth geography—leading to questions on whether the quarterly figures are an accurate representation of organic growth for India’s biggest IT services outsourcer.