Tata Consultancy Services532540Information technology services
TCS kicked off earnings season with results broadly in line, but India revenue declined 10% dragging overall growth
- Constant currency growth
- 0.5 percent
- India revenue decline
- 10 percent
- India revenue share of total
- 5.8 percent
- Deals signed value
- 9.5 to 9.6 billion dollars
- Employees added this quarter
- 4,500 employees
Heard on business television between 12:05:47 - 12:08:47 IST.
- TCS reported 0.5% constant currency growth, which was not dramatic, with India revenue declining 10% despite being only 5.8-6% of total revenue.
- CEO K Krithivasan did not give a timeline for India revenue to normalize, expected in Q3 but not confirmed.
- Management highlighted $9.5-9.6 billion worth of deals signed, with AI deals now accounting for about 10% of total revenue and expected to accelerate.
- Company added about 4,500-5,000 employees this quarter after adding 9,600 in the previous quarter, hiring high-quality talent at 4x cost, which is expected to pressure margins near-term but improve them later as cheaper replacements come in.
- Analysts said if India revenue had not declined, growth would have been at the upper end of the guided band.
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Source: Live TV News Channel · 10 Oct 2026
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