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TCS Q3 Results Review - Mixed Bag; Better CY25 Outlook But Lacks Punch; 'Reduce' Says Dolat Capital
Following the seasonal dip in Q3, a moderate recovery is anticipated in Q4, resulting in 1.4% QoQ growth in CC terms, including tapering off from BSNL deal, adds Dolat Capital.
10 Jan 2025, 07:41 AM IST 
TCS’ largest verticals – BFSI and retail and consumer packaged good, declined 2.7% and 0.4% respectively ($ terms), with decline attributed to seasonality.
(Signage of TCS Ltd. Image Source: Company's official Facebook page)
TCS' revenue grew 0.2% QoQ and 4.5% YoY in CC terms. In USD terms, it declined 1.7% QoQ and was up 3.5% YoY. Weak revenue was primarily due to seasonal furloughs.
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