Can TCS’ $6.5 billion AI data centre push revive its growth momentum?

ET Intelligence Group: Tata Consultancy Services (TCS) reported marginally better-than-expected growth in revenue and net profit, excluding a one-time cost item, for the September quarter together with a resilient operating margin. The bigger development was, however, the ambitious plans of the country’s largest software exporter to build capabilities in the field of artificial intelligence (AI) and related infrastructure including data centres to cater to domestic and global deeptech, hyperscale, and pureplay AI companies.