The largest exporter of IT services in the nation, TCS, reported a 14.8% increase in net profit for the March quarter to Rs 11,392 crore, but raised concerns about its important North American market.
Client emotions in North America and the banking, financial services, and insurance sectors in particular have been impacted by events like the collapse of SVB and fears of a contagion, which has caused clients to put off purchases, according to the Tata Group firm.
Revenues increased 16.9% to Rs 59,162 crore over the same time last year.
