NEW DELHI: Indian IT giants TCS and Infosys both signaled weak revenue growth in quarterly results on Thursday as a client spending slowdown deepened a seasonally weak time for the sector. Both companies, the second- and fifth-biggest in India by market cap, respectively, earn more than 80 percent of their revenue from Western markets and each benefited from a digital services boom during the Covid-19 pandemic.

Source: Manila Times January 12, 2024 16:10 UTC