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India's TCS marginally beats second-quarter revenue view as AI demand grows
Tata Consultancy Services reported September-quarter revenue that slightly beat expectations on Thursday, as AI-led demand and growth in its banking vertical helped India’s largest software services provider. AI is disrupting India’s $315 billion IT services sector by undermining the billable hour business model, but is also creating new demand as clients buy services being built on the technology. Companies are ramping up investments to capture this emerging demand and cushion the hit to their core business. “Revenue growth is in line with expectations but operating margin was slightly lower,...
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