India's TCS to diversify to other markets amid US weakness

FILE PHOTO: Tata Consultancy Services (TCS) Chief Executive Officer K. Krithivasan speaks during a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas/File Photo

BENGALURU (Reuters) - India's No.1 software-services exporter Tata Consultancy Services is planning to focus more on markets such as Japan, Latin America and Southern Europe amid weakness in North America, its chief executive said.

The plan to diversify more comes after the industry leader reported its slowest quarterly profit growth since 2020, and revenue contributions from its mainstay market, North America, have declined for four straight quarters.