TCS, HCLTech deliver Q3 revenue surprise amid labour cost headwinds
CSC CollectiveCSC Collective(US:CSC) MINT·2026-01-13 00:01

BENGALURU : India’s top IT services firms kicked off the earnings season of the October-December quarter on a stronger-than-expected note, even as new wage norms pushed up costs and raised concerns over profitability. Both Tata Consultancy Services (TCS) and HCL Technologies beat analyst revenue estimates. TCS reported $7.51 billion in revenue for the quarter, down 0.4% year-on-year (y-o-y) and up 0.6% from the previous quarter. A Bloomberg poll of 32 analysts had expected revenue of $7.43 billion. HCLTech ...