TCS Q4: IT investors would do well to temper their expectations
Investors in the IT sector were anxious as they moved into the Q4FY23 results season, and to add to their anxieties, Tata Consultancy Services Ltd (TCS), the sector bellwether, failed to reach consensus projections. On a sequential basis, its revenue in constant currency terms, increased 0.6%, missing analysts’ projections of 0.9% revenue growth. Region-wise, North…