Tata Consultancy Services532540IT services
TCS stock gained about 4% as management discussed Q1 results covering margin pressures, headcount additions and AI-led deal transformation
- Stock move today
- 4 percent
- CC growth this quarter
- 0.5 percent
- CC growth last quarter
- 0.4 percent
- International revenue CC growth
- 1.2 percent
- Currency tailwind this quarter
- 10 basis points
Heard on business television between 12:20:37 - 12:23:37 IST.
- CC growth came in at 0.5%, better than prior quarter's 0.4%, with international revenue CC growth of nearly 1.2%
- Management said margin expansion expected from currency tailwind and wage base did not materialize; currency tailwind was only about 10 basis points this quarter
- Fees to external consultants (business associates) rose to 7.1% of revenue from 6.4% in previous quarter and 5.2% a year ago, attributed to short-term demand-supply mismatch in specific locations/skills
- Headcount increased by about 9,000 in Q1 and 4,000-5,000 more recently, with 80% in new-age skills and 30% in AI skills; LTM attrition came down 20 bps
- Management said investments in AI, partnerships, M&A and hiring ahead of demand hurt margins near-term but are expected to help as investments taper and cost efficiencies are realized
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Source: Live TV News Channel · 9 Oct 2026
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