Tata Consultancy Services532540Information technology services
TCS met expectations with Q2 numbers, profit rose 4%, margins flat at 24.x%, AI revenue crossed 10% of total revenue, and headcount rose for a third straight quarter
- Revenue growth QoQ
- 0.5 percent
- International business growth QoQ
- 1.2 percent
- Operating margin
- 24 point x percent
- Prior quarter margin decline
- 130 basis points
- Deal wins this quarter
- $9.6 billion
Heard on business television between 16:10:11 - 16:13:11 IST.
- Revenue grew 0.5% quarter-on-quarter, in line with expectations, driven by manufacturing, technology and BFSI segments
- International business (ex-India) grew 1.2% QoQ, in line with expectations
- Margins came in flat versus prior quarter at 24.x%, a miss since Q2 historically shows sequential improvement after Q1 wage-hike led declines; external consultant fees rose as a percentage of revenue
- Deal wins were healthy at $9.6 billion versus $9.5 billion in the prior quarter
- AI revenue reached 10% of overall revenue, about $3.1 billion annualized, up 20% sequentially; headcount increased by more than 4,200 QoQ, the third consecutive quarterly increase
- Analysts remain concerned about growth given the stock has fallen more than 30% year-to-date
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Source: Live TV News Channel · 8 Oct 2026
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