What TCS and HCL say about IT demand

The December quarter (Q3FY26) results of large-cap IT companies Tata Consultancy Services Ltd (TCS) and HCL Technologies Ltd played out largely as expected, with HCL leading on revenue growth. Both companies flagged pockets of demand improvement, but the recovery remains uneven, and their Q3 performances diverged on several counts. HCL reported a strong 4.2% sequential…

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TCS Q3 Results: IT major posts 14% YoY fall in profit to ₹10,657 crore on one-time impact of labor codes

TCS Q3 Results: India’s biggest information technology (IT) services company, Tata Consultancy Services (TCS), on Monday posted a decline in its profit after tax (PAT) for the third quarter of the financial year, even as revenue rose in the low single digit. TCS posted a 13.9% year-on-year (YoY) decline in its consolidated net profit (attributable…

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