 "TCS")
Information technology sector leader Tata Consultancy Services (TCS) on Friday reported a mixed bag of financial numbers for the quarter ended December 31, with the company posting its slowest revenue growth in eight quarters, though it improved profitability.
With softness seen in key verticals such as banking, financial services and insurance (BFSI), and retail, the company said the chances of posting double-digit growth in FY20 were remote. The Tata group firm also saw its headcount shrinking by around 4,000 people in the quarter, indicating a slower pace of hiring.
In the December quarter, TCS’ profit before tax declined 1.32 per cent to
