TCS Reports Q1 Revenue Growth Amidst Tech Spending Reassessment
TCS reported $7.6 billion in June-quarter revenue, a 2.7% year-on-year increase. The company saw a 2.7% sequential decline in net profit due to a one-time charge and annual wage hikes impacting operating margins to 24%. Despite cautious tech spending, TCS resumed workforce expansion, adding 9,279 employees.

