Tata Consultancy Services (TCS) reports steady growth in its first quarter of FY27 ended June 30, 2026, with net profit rising around 4.6–4.7% year-on-year to about ₹13,349–₹13,420 crore. Revenue from operations increases about 13.9–14% year-on-year to roughly ₹72,275 crore, with reported sequential gains of around 2.2% for revenue. Multiple outlets also note a modest decline in sequential net profit, attributed to a one-time legal settlement charge of ₹668 crore related to a Computer Sciences Corporation (CSC) claim. TCS announces an interim dividend of ₹12 per equity share, with a stated record date of July 15, 2026 and payment on July 31, 2026. On growth themes, the company says annualised AI revenue reaches about $2.6 billion in the quarter, with sequential AI revenue growth cited at about 13.6%. TCS also highlights hiring during the quarter, adding 9,000–9,729 employees to take workforce to 593,798, while voluntary attrition is reported at 13.6%. Investors react positively to the results, with analysts focusing on deal wins and AI demand.
TCS reports Q1 FY27 net profit growth; AI revenue tops $2.6 billion
Tata Consultancy Services (TCS) reports steady growth in its first quarter of FY27 ended June 30, 2026, with net profit rising around 4.6–4.7% year-on-year to about ₹13,349–₹13,420 crore. Revenue from...
- TCS’s Q1 FY27 net profit rises about 4.6–4.7% year-on-year to roughly ₹13,349–₹13,420 crore.
- Q1 FY27 revenue increases about 13.9–14% year-on-year to around ₹72,275 crore.
- The company declares an interim dividend of ₹12 per equity share; record date is reported as July 15, 2026 and payment on July 31, 2026.
- Annualised AI revenue is reported at about $2.6 billion in Q1 FY27, with sequential AI revenue growth cited at 13.6%.
- TCS adds about 9,000–9,729 employees in the quarter, taking headcount to 593,798; voluntary attrition is reported at 13.6%.
TCS shares rose for a second straight session on Monday after the IT major reported a 5% YoY rise in Q1 FY27 net profit and announced an interim dividend of Rs 12 per share. Brokerages remain divided, with target prices implying both downside risk and upside potential of up to 45%.
1 month agoTCS reported a 4.61 per cent Y-o-Y increase in its net profit to ₹13,349 crore for Q1 FY27. Its revenue jumped by 13.9 per cent Y-o-Y to ₹72,275 crore.
1 month agoTCS reported constant-currency revenue growth of 0.4% quarter-on-quarter and 3.2% year-on-year during the June quarter.
1 month agoTCS reported June-quarter revenue of $7.6 billion, showing a modest year-on-year increase. The company added over nine thousand employees, marking significant workforce expansion. Consolidated net profit saw a sequential decline after a one-time legal charge. Operating margins decreased due to annual wage hikes, with a goal to return to twenty-five percent. TCS expects AI to evolve jobs rather than eliminate them, creating new roles.
1 month agoAnnualized AI revenue at US$ 2.6 billion in Q1FY27, grew 13.6% QoQ
1 month ago
Olympio advances with 80% stake in Idaho’s Jacknife silver project
Olympio Metals is moving ahead on its plans for Idaho’s Jacknife silver project, holding an 80% interest and describing...
Nvidia tells major customers AI server prices will rise more than 15%
Nvidia notifies some of its biggest customers that prices for servers containing its artificial intelligence chips will...
NYC homeowners sue to delay Mamdani pied-à-terre tax rollout after property-list concerns
New York City homeowners sue to delay Mayor Zohran Mamdani’s rollout of a new pied-à-terre tax on high-end second homes....