Tata Consultancy Services Limited (TCS) filed a regulatory disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, containing its Q2 FY27 financial results and strategic business updates.

Financial Performance Highlights for Q2 FY27 (Quarter ended September 30, 2026)

  • Revenue: ₹73,188 crore, representing growth of +1.3% QoQ and +11.2% YoY in INR terms
  • Constant Currency Growth: +0.5% QoQ, with International Revenue growing 1.2% QoQ in Constant Currency
  • Operating Margin: 24.0%
  • Net Profit: ₹13,884 crore | Net Margin: 19.0%
  • Net Cash from Operations: ₹14,190 crore (102.2% of Net Income)
  • Total Contract Value (TCV): US$ 9.6 billion
  • Annualized AI Revenue: US$ 3.1 billion, crossing 10% of total revenue
  • Workforce Strength: 598,056 employees
  • LTM Attrition (IT Services): 13.3%
  • Dividend: ₹12 per share declared | Record Date: October 14, 2026 | Payment Date: October 30, 2026

Segment Performance

Growth by Industry Domain (QoQ CC Growth):

  • BFSI: +2.5% (32.8% of revenue)
  • Manufacturing: +3.1% (9.0% of revenue)
  • Technology & Services: +3.1% (8.6% of revenue)
  • Life Sciences & Healthcare: +0.3% (10.3% of revenue)
  • Communication & Media: +0.1% (5.8% of revenue)
  • Consumer Business: -0.7% (14.9% of revenue)
  • Energy, Resources and Utilities: -0.5% (6.2% of revenue)
  • Regional Markets & Others: -5.8% (12.4% of revenue)

Growth by Geography (QoQ CC Growth):

  • North America: +0.4% (48.3% of revenue)
  • Latin America: +4.3% (2.1% of revenue)
  • UK: +3.5% (17.8% of revenue)
  • Continental Europe: +0.4% (15.2% of revenue)
  • Asia Pacific: +2.0% (8.6% of revenue)
  • India: -10.3% (5.5% of revenue)
  • MEA: +0.4% (2.5% of revenue)

Strategic Partnerships and Deals

  • Porsche AG Partnership: Five-year strategic partnership including establishment of dedicated AI Mobility Centre of Excellence for Porsche. TCS, through its subsidiary, will acquire 100% of MHP Management- und IT-Beratung GmbH (MHP), Porsche's Germany-based management and IT consulting subsidiary. Subject to regulatory approvals.
  • Best Buy Agreement: Agreement to transition Best Buy's Global Capability Center (GCC) in India to TCS, transforming it into an AI Capability Center (AICC).
  • Honeywell Technologies: Selected as global end-to-end SAP S/4HANA business transformation partner.
  • Aareal Bank: Long-term strategic partnership for infrastructure landscape support including data center operations, cloud platforms, and cybersecurity.
  • Vodafone Business: Strategic partnership with the enterprise arm of VodafoneThree, UK's largest mobile operator.

Facility Launches and Innovations

  • Industrial Autonomy & Engineering Lab Lights-Out Factory: Launched at Sahyadri Park campus in Pune, India's maiden lights-out factory lab.
  • Autonomous Engineering Lab: Powered by NVIDIA at Global Axis campus in Bengaluru for AI-led solutions in mobility and manufacturing.
  • Gemini Experience Centers: New center in Mexico City (second in Latin America, ninth worldwide) and Consumer Business Group GEC in Kolkata.
  • TCS Interactive Creative Engineering Studio: 4,500-square-feet AI-native studio in London.
  • TCS ADD AgentHub: Role-based, enterprise-ready AI platform for drug development at scale.
  • Custom System-on-Chip (SoC) Design Services: Launched for automotive OEMs and semiconductor ecosystem companies.

Research and Innovation

  • Total patents applied: 10,044 (including 241 applied during the quarter)
  • Total patents granted: 5,885 (including 215 granted during the quarter)
  • AI-led inventions: 2,176 patents filed cumulatively (180 applied during quarter), 649 patents granted cumulatively (47 granted during quarter)

Awards and Recognition

  • Ranked #1 in 12 competitive assessments including HFS SaS Star Ratings, NelsonHall NEAT Report, and ISG Lens Report
  • Forbes America's Best Employers by State 2026
  • AAA brand strength rating in Brand Finance India 100 '2026 report
  • Multiple Stevie Awards 2026 for innovation in AI and HR technology
  • AI Adopter of the Year at India Risk Management Awards 2026
  • EDB GSI Partner of the Year 2026
  • Best Paper at DVCon India 2026
  • Asian Development Bank Performance Excellence Award
  • IBM Most Influential Services Partner in APAC
  • Cloudera's APAC Strategic Partner of the Year
  • Multiple ISG Paragon Awards Asia 2026
  • Five Brandon Hall HCM Excellence Awards

Financial Statements Summary

IFRS Financials (in millions of ₹):

  • Q2 FY27 Revenue: 731,880 | Q1 FY27: 722,750 | Q2 FY26: 657,990
  • Q2 FY27 Net Income: 138,840 | Q1 FY27: 138,490 | Q2 FY26: 129,040
  • EPS: ₹38.37 (Q2 FY27) | ₹38.28 (Q1 FY27) | ₹35.67 (Q2 FY26)

Ind AS Financials (in crores of ₹):

  • Q2 FY27 Revenue: 73,188 | Q1 FY27: 72,275 | Q2 FY26: 65,799
  • Q2 FY27 Net Profit: 13,884 | Q1 FY27: 13,849 | Q2 FY26: 12,904
  • Employee Costs: ₹41,890 crore (Q2 FY27) | ₹42,137 crore (Q1 FY27) | ₹38,606 crore (Q2 FY26)

Management Commentary

  • K Krithivasan, CEO and MD: Highlighted broad-based growth in international markets and most industry segments, emphasizing new transformation partnerships with Porsche and Best Buy.
  • Aarthi Subramanian, Executive Director: Noted strong AI momentum with annualized AI revenues exceeding $3 billion, demand for AI-native solutions, and top rankings for TCS' Human+AI Services Autonomy model.
  • Samir Seksaria, CFO: Emphasized capability strengthening through acquisitions, partnerships, and investments, while maintaining strong cash conversion and profitability.
  • Sudeep Kunnumal, Chief HR Officer: Reported 17% sequential increase in learning hours to 17.1 million, with employee base reaching over 598,000 and stable attrition.