TCS Q3 Order Book Hits $9.3 Billion Amid Muted Growth in North America, UK

• TCS reported $9.3 billion in deal wins for Q3, surpassing Street estimates despite being a seasonally weak quarter.
• Growth slowed in key geographies: North America grew 0.1% Q-o-Q, UK declined by 1.9% Q-o-Q in constant currency.
• BFSI and Technology & Services sectors saw sequential decline, while Life Sciences, Manufacturing, and CMI grew.
• Key deal wins include contracts with SAP, Morrisons, Tata Motors, and Aviva, focusing on Gen AI, cloud, and digital transformation.
• AI services generated $1.8 billion in annualized revenue, growing 17.3% QoQ, driven by customer investments in Cloud, Data, Cyber, and Enterprise Transformations.

Why It Matters: TCS secured a strong Q3 order book of $9.3 billion, driven by AI, despite muted growth in key markets.