<ul data-eligibleForWebStory="false"><li>TCS reported stable operating performance in Q1 with an EBIT margin of 24.5% and consolidated EBIT at Rs 15,514 crore.</li><li>TCS saw a contraction in demand for IT services in Q1 despite booking orders worth $9.4 billion, leading to uncertainties in the market.</li><li>TCS faced pressure on margins in Q1 due to higher wage costs despite expecting better margins as the BSNL order tapered off.</li><li>TCS plans to focus on employee engagement to manage the rise in attrition rates and aims to push for higher utilisation and productivity in the coming quarters.</li></ul>

What TCS Q1 Earnings Mean For The IT Sector

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