TCS Q4 FY26 Revenue Grows 1.2% CC, AI Hits $2.3B

TCS reported Q4 FY26 constant currency revenue growth of 1.2% sequentially, with an operating margin of 25.3% and a strong TCV of $12 billion including three mega deals.
Annualized AI services revenue reached $2.3 billion, driven by accelerated deployment across industries and significant progress in the HyperVault business with 1 GW capacity build-out.
The company announced annual salary increments for eligible employees effective April 1 and reported broad-based client growth across revenue bands, indicating market stability and returning growth.
Full-year FY26 revenue declined 2.4% CC but operating margin expanded 70 bps to 25%, the highest in four years, with a total dividend of ₹110 per share declared.