Tata Consultancy Services532540Information technology services
TCS reported Q2 results with operating performance better than expected, flat margins, deal wins of 9.6 billion dollars, but flagged near-term margin pressure; JP Morgan maintained Overweight
- Deal wins
- 9.6 billion dollars
- Book to build ratio
- 1.3
- AI revenue growth
- 19 percent
- AI revenue share
- 10 percent of revenue
Heard on business television between 08:24:53 - 08:27:53 IST.
- Q2 operating performance was better than expectations, though margins were flat quarter-on-quarter due to higher investments.
- Deal wins were steady at 9.6 billion dollars with a book-to-bill ratio of 1.3.
- AI revenue was up about 19-20%, now roughly 10% of total revenue.
- Company said demand environment has not materially changed sequentially, but margins could be impacted near-term due to investment in new growth avenues.
- JP Morgan maintained Overweight rating, calling the Q2 print in-line, citing cautious optimism amid sideways demand and demand uncertainty, while TCS intends to lift margins going forward.
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Source: Live TV News Channel · 9 Oct 2026
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