<ul><li>A slowdown in TCS India business is due to the near-completion of the BSNL 4G rollout deal, while global markets hold steady.</li><li>The BSNL 4G rollout deal, won in 2023, is now in its final stages and will take a couple more quarters to wind down completely, leading to a slip in operating margin for TCS.</li><li>On the global front, TCS reported a strong total contract value of $12.2 billion in Q4, with no cancellations, but there were some project deferrals and reductions in scope due to macroeconomic uncertainty.</li><li>TCS is focusing on Europe, engaging in discussions on sovereign and private cloud deals, while exploring opportunities to grow its limited defense exposure.</li></ul>

BSNL Wind-Down Drags TCS India Business, Global Markets Hold Steady, Says CEO Krithivasan

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