India's TCS tops revenue estimates on banking segment strength


A man walks past a logo of Tata Consultancy Services (TCS) before a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas

BENGALURU (Reuters) -Tata Consultancy Services, India's top software-services exporter, beat second-quarter revenue estimates on Thursday, aided by strength in its banking, financial services and insurance segment despite U.S. tariff-related uncertainty.

The results boosted optimism around the country's $283 billion IT sector, which has been dealing with cautious client spending amid economic uncertainties, especially in North America, its largest market.

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