Tata Consultancy Services shares rose 5.2% to ₹2,183.90 in trading on 9 October, Reuters reported. Its annualised AI revenue reached $3.1 billion in the July–September quarter, growing nearly 20% from the preceding quarter. The share move is an intraday observation. Annualised revenue represents a run rate and should not be presented as revenue earned entirely during that quarter.
Tata Consultancy Services (TCS) shares rose after the company reported strong growth in AI-related revenue, which increased nearly 20% quarter-on-quarter to an annualised $3.1 billion. Steady operating margins of 24% and growth in international business also boosted investor confidence.
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| F1 | CONFIRMED_FACT | The cited source reports the development described above. |
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