IT sector’s Q3 results show a positive start, with TCS and HCL Technologies exceeding revenue and profit expectations. HCL Tech recorded a nine-quarter high in new order bookings, while TCS maintained strong deal flow. Despite sustained new deals, TCS faces a revenue growth deceleration, raising concerns about deal ramp-up amid client delays.
S&P 500, Dow open slightly higher with big tech results, Fed decision on deck
U.S. stock markets opened with modest gains on Monday as investors anticipated a significant week for corporate earnings and a key Federal Reserve policy announcement.