Tata Consultancy Services (TCS) reported a revenue of $7.50bn for Q3 FY25, a slight decrease from the previous year. However, there was a 0.6% increase from the previous quarter and a 0.8% growth in constant currency. Net income rose to $1.5bn, showing a 3.1% year-over-year increase, with the net margin improving to 20.0%. AI services were a key driver, with annualized revenue hitting $1.8bn, marking a 17.3% increase quarter-over-quarter. TCS also partnered with TPG to enhance its AI data center business and signed an agreement to acquire Coastal Cloud for $700m to bolster Salesforce consulting capabilities. Additionally, TCS expanded its partnership with Google Cloud and ABB, and secured a contract with NHS Supply Chain for application development support. TCS also announced plans to create 5,000 new jobs in the UK over the next three years.

Read more at Yahoo Finance: TCS reports $7.5bn Q3 FY25 revenue, bolstered by AI growth