New Delhi, April 10 -- Tata Consultancy Services Ltd. has been hit by an unusual surprise-its first full-year revenue decline in dollar terms since listing. A modest 0.5% dip doesn't seem alarming, but it raises a question: Is the traditional IT services model under pressure?

Blame it on a double whammy, global uncertainty slowing tech spending, and AI reshaping how clients buy services. Companies now want outcomes, not effort. That means faster delivery, fewer people, and tighter budgets.

There's a silver lining, though. Strong deal wins, rising margins, and growing AI revenue. But clients aren't fully AI-ready yet, delaying large-scale adoption.

So, is this just a cyclical dip or a structural shift? Read the full Q4 earnings report b...