TCS Tata Consultancy Services Q2 FY27 results (Jul–Sep 2026) and concall
TCS reported a resilient Q2 FY27, sustaining growth momentum with 0.5% sequential constant currency revenue growth, driven by strong international market performance and broad-based growth across key verticals like BFSI and Manufacturing. Annualized AI revenue surpassed $3.1 billion, highlighting its increasing contribution. Despite a healthy TCV of $9.6 billion, the quarter saw a sequential decline in India revenue due to project deferrals and margin pressure from increased subcontracting costs and anticipated M&A dilution, though the long-term margin aspiration of 26-28% remains.
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What they filed
Q2 FY27: revenue up 10.8%, net profit up 19.2% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53,883 | 54,136 | 52,788 | 54,531 | 55,567 +3% | 58,052 +7% | 59,553 +13% | 60,441 +11% |
| EBITDA | 14,727 | 14,069 | 14,757 | 15,668 | 15,694 +7% | 16,130 +15% | 16,133 +9% | 16,395 +5% |
| Net profit | 11,832 | 11,116 | 12,552 | 11,828 | 10,190 −14% | 14,526 +31% | 13,642 +9% | 14,104 +19% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
