CONTAINER STORE GROUP INC/TH (TCS) Stock News
NYSE:TCS - New York Stock Exchange, Inc. - US2107511030 - Common Stock - Currency: USD
TCS Latest News, Press Relases and Analysis
TCS revenue falls short as tariffs cast shadow on client spending
BENGALURU (Reuters) -Tata Consultancy Services, India's top software-services exporter, missed quarterly revenue estimates on Thursday as its clients stayed cautious about non-essential spending amid tariff-related uncertainty. The revenue shortfall at TCS, the first Indian tech major to report results, raised concerns about future demand for the country's $283 billion IT sector and dragged down U.S. listed shares of rivals Infosys and Wipro. "The trend of delays in decision-making and project starts with respect to discretionary spends has continued and intensified in this quarter," CEO K Krithivasan said on a conference call.
TCS launches new software-defined vehicle hubs in Europe
New delivery centres in Germany and an engineering hub in Romania are set to bolster the automotive sector's move to future mobility.
Mentions: TTM
TCS bolsters SDV development with new European hubs
The company has established two automotive delivery centres in Germany, in addition to an engineering facility in Romania.
Mentions: TTM
Indian IT major TCS secures new contract from Salling Group
The digital transformation contract covers Salling's 2,100 stores and 68,000 employees.
Tata Consultancy Services carries out internal probe into M&S hack, FT reports
M&S declined to comment and TCS did not immediately respond to a Reuters request for comment. The cyberattack which M&S disclosed in April will cost the company about 300 million pounds ($404.9 million) in lost operating profit, and disruption to online services is likely until July.
Mentions: TTM
India's TCS warns US tariff chaos hurting client sentiment
BENGALURU (Reuters) -India's top software-services exporter Tata Consultancy Services reported weaker-than-expected quarterly results on Thursday and warned uncertainty around U.S. tariffs was prompting clients to rethink discretionary projects. The $283 billion Indian IT sector was counting on the Trump administration's business-friendly policies to revive client confidence and spending in its biggest market, but the U.S. tariff saga has soured expectations of any immediate upswing in fortunes.
Mentions: TTM
The Container Store Retains Adviser for Operational Help
Storage and organizational-goods retailer The Container Store Group Inc. is working with FTI Consulting Inc. for operational assistance, according to people with knowledge of the situation, who asked not to be identified discussing a private matter.
Mentions: FCN
Beyond Doubts Planned $40 Million Stake in The Container Store
Beyond Inc. has concerns about The Container Store Group Inc.’s ability to satisfy certain new financing requirements needed to complete its $40 million investment in the company, according to a statement on Wednesday.
The Container Store Announces Global Licensing Partnership With Vacane Household Commodities Co., Ltd.
The Container Store to Open Miami Worldcenter Location
The Container Store Continues to Bolster Everything Organizer™ Collection With the Everything Organizer™ Drop-Front Shoe Box
The Container Store Continues to Expand Custom Spaces Offering with New Premium Wood Closet System in a Box
The Container Store Group, Inc. Announces Second Quarter 2024 Financial Results
Container Store Gets $40 Million in Preferred Equity from Beyond
The Container Store Group, Inc. struck a deal for $40 million in preferred equity from Beyond, Inc. as part of a new strategic partnership, according to a press statement on Tuesday.
Mentions: BYON
