Tata Consultancy Services Business Update
TCS published its Enterprise AI Study surveying 1,333 leaders across 25 countries on AI adoption. The study highlights productivity as AI's top benefit.
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TCS published its Enterprise AI Study surveying 1,333 leaders across 25 countries on AI adoption. The study highlights productivity as AI's top benefit.
Quarterly shareholding pattern disclosure for the period ended September 30, 2026, as required by SEBI regulations.
TCS announced deployment of BaNCS for Treasury at Indian Bank's Colombo branch, marking the platform's entry into Sri Lanka. The expansion extends TCS's existing partnership into a new geography with no stated contract value.
TCS completed the acquisition of 100% partnership interest in BBY Services India LLP, making it a wholly owned subsidiary. No acquisition price was disclosed in the filing.
TCS launched the Industrial Intelligence Foundry, an AI offering of configurable agents and workflows for industrial enterprises. The solution targets scaled AI deployment across engineering and manufacturing value chains.
TCS reported Q2 FY27 revenue of ₹73,188 crore, up 11.2% YoY, with operating margins stable at 24%. Strategy focuses on AI-led deals, with annualized AI revenue crossing $3.1 billion.
TCS selected by MyState Limited to deploy TCS BaNCS platform for core banking transformation post-merger with Auswide Bank. No contract value disclosed.
TCS stated that the US PERM program suspension will not impact its strategy or customer engagements, as its US PERM applications were minimal.
TCS board declared an interim dividend of ₹12 per equity share for FY 2026-27. Record date is October 14, 2026, with payment by October 30, 2026.
TCS reported Q2 FY27 revenue of ₹73,188 crore and net profit of ₹13,884 crore, up 11.2% YoY. Partnership wins with Porsche and Best Buy were also announced.
Tata Consultancy Services Ltd reported revenue from operations of ₹73,188 Cr (+11.2% YoY) and net profit of ₹13,934 Cr (+14.9% YoY) for Q2 FY27.
TCS announced an agreement to transition Best Buy’s Global Capability Center in India to its organization, creating an AI-centered innovation hub under a multi-year agreement.
TCS is acquiring 100% of BBY Services India LLP for ₹0.01 Crore to establish an AI Native Capability Center. The acquisition will be completed within 4 weeks.
TCS renews its multi-year title partnership with Jaguar TCS Racing, becoming Official AI Partner for Formula E's GEN4 era. The collaboration expands AI-driven innovation in electric mobility.
TCS scheduled a board meeting on October 8, 2026, to consider quarterly financial results and the declaration of a second interim dividend.
TCS has partnered with DGCX to deliver a next-generation trading, clearing, and surveillance platform for derivatives market infrastructure. No contract value was disclosed.