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NSE Aug 12, 2022 15:31 PM
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TCS’ Q1 performance signals a slowing IT industry in FY23
By Vivek Ananth


Tata Consultancy Services (TCS) was the first tech company to announce its quarterly results for Q1FY23, giving investors and traders a glimpse of how the rest of the Indian IT pack might fare in the earnings season. 

Well, the reaction wasn’t upbeat. IT stocks took a beating in Monday’s trade after TCS’ Q1FY23 net profit missed the average of Trendlyne’s …

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