TCS
1 call
Concalls & earnings callsTata Consultancy Services Limited
Every summarised call, newest first. Latest is Q2 FY27, held 14 Oct 2026.
Latest quarter
Q2 FY27 snapshot
Open full brief →TCS reported Q2 FY27 revenue of ₹73,188 crore with 0.5% sequential constant-currency growth, 24% operating margin, US$9.6 billion TCV and annualized AI revenue of $3.1 billion amid selective demand.
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue | ₹73,188 Cr | +1.3% sequentially and 11.2% on a YoY basis | |
| Constant currency revenue growth | 0.5% sequentially and 2.8% year-on-year | — | |
| Operating margin | 24% | stable sequentially | |
| TCV | US$9.6 billion | — |
Latest guidance
- No specific revenue or earnings guidance provided
- Continue to prioritize investments for growth while working to inch margins higher from 24%
- MHP acquisition-related dilution likely to impact by about 50 basis points depending on timing of closure
- Expect furlough seasonality in Q3 similar to previous years
- BSNL can provide a cushion for the next couple of quarters; regional markets to remain volatile
Said on the Q2 FY27 call.
Filed results
Reported quarterly history
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹63,973.00 Cr+5.6% YoY-0.4% QoQ | ₹12,444.00 Cr+12.1% YoY+4.1% QoQ | ₹34.21+12.9% YoY+3.9% QoQ |
| Q2 FY25 | ₹64,259.00 Cr+7.7% YoY+2.6% QoQ | ₹11,955.00 Cr+5.1% YoY-1.2% QoQ | ₹32.92+6.2% YoY-1.1% QoQ |
| Q1 FY25 | ₹62,613.00 Cr+5.4% YoY+2.2% QoQ | ₹12,105.00 Cr+8.9% YoY-3.2% QoQ | ₹33.28+10% YoY-3.2% QoQ |
| Q4 FY24 | ₹61,237.00 Cr+3.5% YoY+1.1% QoQ | ₹12,502.00 Cr+9.3% YoY+12.7% QoQ | ₹34.37+10.4% YoY+13.5% QoQ |
| Q3 FY24 | ₹60,583.00 Cr+4% YoY+1.5% QoQ | ₹11,097.00 Cr+2% YoY-2.5% QoQ | ₹30.29+2.2% YoY-2.3% QoQ |
Call history
- Q2 FY27Positive tone
TCS reported Q2 FY27 revenue of ₹73,188 crore with 0.5% sequential constant-currency growth, 24% operating margin, US$9.6 billion TCV and annualized AI revenue of $3.1 billion amid selective demand.
- Revenue
- ₹73,188 Cr+1.3% sequentially and 11.2% on a YoY basis
- Constant currency revenue growth
- 0.5% sequentially and 2.8% year-on-year