Tata Consultancy Services (TCS) reported earnings that fell short of analysts' expectations for the third quarter, primarily due to a slowdown in the North American market. The company expressed optimism regarding future revenue, anticipating that the newly elected U.S. government under President Donald Trump will provide greater policy certainty and drive discretionary spending. TCS CEO K. Krithivasan indicated that the calendar year 2025 could outperform 2024, citing signs of improved discretionary spending. Other Indian IT firms, including Infosys, HCL Technologies, and Wipro, are expected to discuss the potential impacts of Trump's presidency on their businesses during their upcoming earnings announcements.