TCS reported Q2 profit above expectations, while annualised AI revenue exceeded $3 billion, or 10% of total revenue. However, an analyst says AI growth is offsetting weakness in legacy business, limiting overall revenue growth and the prospect of a near-term stock rally.
TCS reported Q2 profit above expectations, while annualised AI revenue exceeded $3 billion, or 10% of total revenue. However, an analyst says AI growth is offsetting weakness in legacy business, limiting overall revenue growth and the prospect of a near-term stock rally.
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