New Delhi, April 11 -- The US tariffs-led uncertainty is temporary-this is the key message from India's information technology giant Tata Consultancy Services Ltd (TCS). Despite muted earnings in the March quarter (Q4FY25), TCS management feels that the strong deal wins of the past two quarters should help the company report higher growth in FY26 from developed markets than FY25.

Total contract value (TCV) of deal wins at $12.2 billion in Q4FY25 rose 19.6% sequentially, but it dropped 7.6% year-on-year, implying a book-to-bill of 1.63x. Deal wins were higher in both the BFSI at $4 billion and the consumer segment at $1.7 billion. North American deal wins were the highest ever at $6.8 billion. The TCS management said it is seeing increase...