Indian IT Q4 2024: Mixed Bag of Results as Some Shine, Others Tumble
India, April 30 -- Indian IT companies painted a mixed picture with their Q4 2024 results, released in April. While Tata Consultancy Services (TCS) emerged the clear leader with strong revenue growth and margin stability, HCL Technologies witnessed a significant stock price drop following lower-than-expected profits.
TCS Steals the Show: TCS reported a 1.51% increase in stock price, reflecting positive investor sentiment. The company delivered robust revenue growth and managed to maintain healthy profit margins despite wage hikes. This success could be attributed to TCS's diversified client base and focus on digital services.
TCS registered its highest ever order book Total Contract Value (TCV) of $42.7 billion in FY24 with significant ...
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