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Indian IT stocks rise on TCS AI revenue growth

Investing.com ·

INFY Infosys Ltd ADR
$10.70 +1.42%
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  1. 1Tata Consultancy Services (TCS) shares rose up to 5.6% on Friday.
  2. 2TCS recorded $3.1 billion in annualized AI revenue for the July-September quarter.
  3. 3TCS annualized AI revenue showed a growth rate of nearly 20% compared to the previous quarter.

So what's the key point?

Tata Consultancy Services' artificial intelligence revenue grew significantly to reach $3.1 billion. Indian information technology stocks also rose as the artificial intelligence business performed well.

Source Investing.com · View original ↗

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