New Delhi, Oct. 8 -- Tata Consultancy Services Ltd (TCS) beat analyst estimates in the September quarter but posted its slowest second-quarter growth in three years, and management said client demand has yet to improve.

India's largest tech services firm reported revenue of $7.64 billion for the July-September 2026 quarter, up 0.2% sequentially and 2.36% from a year earlier. The compares with a revenue forecast of $7.55 billion in a Bloomberg poll of 34 analysts.Banks and financial institutions, which account for a third of revenue, drove most of the incremental business and offset declines in regional markets.

"The demand environment has not materially changed since last quarter, and discretionary programs without near-term value remai...