Mumbai: On Wednesday, TCS, the largest IT services exporter in the country, posted a net profit of Rs 11,392 crore, up 14.8% over the previous quarter. However, the company warned of concerns in its most important market, North America.
The fall of SVB and worries of a contagion have affected customer mood in North America, the Tata Group company stated, causing clients to delay spending in the banking, financial services, and insurance industry in particular.