Infosys and Tata Consultancy Services (TCS) kickstarted the earnings season for India Inc today. TCS reported a 2.5% drop in profit and a 4% increase in revenue. On the other hand, Infosys saw a 1.7% decline in profit and a 0.4% decline in revenue. Deal wins slowed down for both companies, with Infosys seeing a larger impact. Revenue from BFSI vertical also dropped for both companies.
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