new delhi, April 13 -- Tata Consultancy Services, India's largest IT services firm, kicked off the earnings season for the sector by closing FY24 with a better-than-expected March quarter. As the company beat analyst expectations, managing director and chief executive K. Krithivasan stated that the company expects the current fiscal to be better for TCS, signalling a reversal from a downtick for the entire IT services industry through FY24.
The company reported net revenue of $7.36 billion for the January-March quarter, up 1.1% sequentially-in line with analyst expectations of up to 1.5% growth. Net profit for the fourth quarter was $1.5 billion, up 6.4% sequentially. While growth was labelled by industry experts as "strong", analysts sign...