Tata Consultancy Services Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
TCS reported Q1 FY27 revenue of ₹72,275 crore, up 2.2% sequentially and 13.9% year-on-year, with operating margin at 24%, down 130 bps sequentially due to annual wage hikes. The company signed total contract value of $9.5 billion including an $800 million mega deal with SKF, and annualized AI services revenue reached $2.6 billion, up 13.6% quarter-on-quarter. Management described continued demand from BFSI, Technology, and Regional Markets, while Consumer Business, Life Sciences and Manufacturing segments showed softness attributed to macro and geopolitical factors.
TCS reported Q4 FY26 revenue of ₹70,698 crore, up 5.4% quarter-on-quarter and 1.2% sequentially in constant currency, with an operating margin of 25.3% and net margin of 19.4%. For the full year FY26, revenue was ₹267,021 crore, a 2.4% constant-currency decline year-on-year, while operating margin expanded to 25%, a four-year high, and the company signed $40.7 billion in total contract value including five mega deals. Management highlighted a $12 billion order book in Q4 with three mega deal wins, annualized AI services revenue crossing $2.3 billion, and progress on the HyperVault data-centre infrastructure business, alongside newly announced annual salary increments effective April 1.