TCS announces biggest AI pivot amid muted Q2 outing
Tata Consultancy Services (TCS) Ltd reported its weakest sequential second-quarter growth in six years even as India’s largest software services provider promised to set up AI data centres with at least $6 billion of investments in around six years, marking the biggest pivot since going public in August 2004.
The company reported $7.47 billion in revenue in the second quarter, up 0.61% sequentially but down 2.66% on a yearly basis–the first annual revenue decline in the second quarter.
