Still, TCS reported $1.46 billion in net profit, up 2.6% sequentially, and in line with $1.46 billion estimated in a Bloomberg survey. In another bright spot, the company managed to snap the steady margin decline that began early 2024.
Profitability in the third quarter stood at 24.5%, up 40 basis points sequentially.
TCS was not perturbed about the debate around H-1B visas in the US. There have been demands from US President-elect Donald Trump's support base to restrict the visa programme critical for software services companies with large workforces in the US.
"We have a global operating model, and we have a global workforce," Milind Lakkad, chief human resources officer said at the press-conference. "And while we obviously want to provide opportunities to people, eventually, depending on the visa category, I don't think that is the major concern for us, because we have a global model in place," said Lakkad.
This story is from the January 10, 2025 edition of Mint Ahmedabad.
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This story is from the January 10, 2025 edition of Mint Ahmedabad.
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