Tata Consultancy Services Ltd(TCS)

NSE: TCSBSE: 532540

₹ 2,528+1.00%refreshed 23 Oct, 03:53 pm ISTMarket cap: ₹ 9.15 L crWebsite: www.tcs.comUpdated: 24 Oct 2026

About

Tata Consultancy Services (TCS) is an IT services, consulting and business solutions organisation that has partnered with many of the world's largest businesses for 58 years. It reported revenue of Rs 267,021 Cr in FY26 and had 598,056 employees in Q2 FY27, across 56 countries and 194 service delivery centers. Brand Finance ranked TCS the world's second-most valuable IT services brand for the 5th consecutive year, valued at US$ 21.2 billion.^[1][2][3]

Business segments

Banking, Financial Services and Insurance: 38.7% of revenue in FY26 (Rs 103,363 Cr vs Rs 94,597 Cr in FY25).^[4]
Consumer Business: 15.9% of revenue in FY26 (Rs 42,432 Cr vs Rs 40,197 Cr in FY25).^[4]
Communication, Media and Technology: 14.8% of revenue in FY26 (Rs 39,474 Cr vs Rs 45,893 Cr in FY25, down 14.0%).^[4]
Life Sciences and Healthcare: 10.4% of revenue in FY26 (Rs 27,745 Cr vs Rs 26,456 Cr in FY25).^[4]
Manufacturing: 10.0% of revenue in FY26 (Rs 26,614 Cr vs Rs 25,170 Cr in FY25).^[4]
Others, covering Energy, Resources and Utilities, Public Services and Products: 10.3% of revenue in FY26 (Rs 27,393 Cr vs Rs 23,011 Cr in FY25).^[4]

Services and AI

The portfolio covers application development and management, digital transformation, AI, data and cloud, engineering services, cognitive business operations, cyber security, and products & platforms (FY26).^[1]
Annualized AI revenue reached $3.1 billion in Q2 FY27, crossing 10% of overall revenue, vs $2.6 billion at the end of Q1 FY27.^[3][5]
New-age services (Cloud, Data, Enterprise Solutions, Cyber Security) had annualised revenue of US$ 11.5 billion in FY26.^[1]
In Q1 FY27 TCS announced a global premier partnership with Anthropic, including 50,000 licenses, joint go-to-market and co-created industry solutions using the Claude models.^[5]
TCS became the first Global Systems Integrator partner for Mistral AI in Q1 FY27.^[5]
In Q1 FY27 TCS launched TCS SovereignSecure Cloud for Europe and a Global Value and Innovation Center unit aimed at Global Capability Center clients.^[5]
R&I spend was ₹ 2,900 crore in FY26; the COIN network partners with more than 3,000 startups and 50+ academic institutes.^[1]

Key operating numbers

Constant-currency revenue grew 0.5% QoQ and 2.8% YoY in Q2 FY27, vs 3.2% YoY in Q1 FY27.^[3][5]
Deal wins TCV was US$9.6 billion in Q2 FY27, vs $9.5 billion in Q1 FY27.^[3][5]
International revenue grew 1.2% QoQ in constant currency in Q2 FY27, led by the UK at 3.5%, with North America and Continental Europe at 0.4% each.^[3]
The order book closed FY26 at US$ 40.7 billion TCV.^[1]
Unsatisfied performance obligations were Rs 223,632 crore at FY26 end, with 43.53% expected to be recognised in the next year.^[1]
Export revenue was 93.2% of standalone revenue in FY26, up from 90.0% in FY25.^[1]
Days sales outstanding were 74 days in Q2 FY27, flat QoQ.^[3]

Workforce and delivery

Headcount was 598,056 in Q2 FY27 vs 593,798 in Q1 FY27; 10,000 freshers were onboarded in Q2 FY27.^[3][5]
LTM IT services attrition was 13.3% in Q2 FY27, down 30 bps QoQ.^[3]
TCS plans about 50,000 more seats of India infrastructure over the next 2 to 3 years (FY26 annual report).^[1]
TCS plans to create 5,000 new jobs across the UK over the next three years (FY26).^[1]
TCS is moving to a Forward Deployed Engineer model and aims for at least 1% of employees to work in it (Q1 FY27).^[5]
TCS has one manufacturing facility, at Tivim Industrial Estate, North Goa (FY26).^[1]

Customers and markets

Clients earning over US$100 million a year rose by 2 to 66 in FY26; those over US$50 million rose by 9 to 139.^[1]
130 of the top 139 clients (above US$50 million) had chosen TCS as their AI services partner in FY26.^[1]
Over 670 clients have worked with TCS for more than ten years, and over 250 for more than twenty years (FY26).^[1]
TCS signed a seven-year €550M agreement with Scandinavian insurer Tryg (FY26).^[1]
Management said in Q2 FY27 that a BSNL deal will support regional markets for the next couple of quarters.^[3]
TCS operates across North America, Latin America, the UK, Continental Europe, Asia Pacific, India and Middle East Africa.^[1]

Vertical trends

BFSI grew 2.5% QoQ and 3.9% YoY in constant currency in Q2 FY27; Manufacturing and Technology & Services each grew 3.1% QoQ.^[3]
Consumer Business declined 0.7% QoQ and 1% YoY in Q2 FY27; Energy, Resources and Utilities fell 0.5% QoQ, and telecom was under pressure.^[3]
India revenue declined about 10% QoQ in Q2 FY27 because of a project deferral.^[3]

HyperVault AI data centres

HyperVault's first 100 MW phase will be built for OpenAI as the anchor customer, with an option to scale to 1 GW.^[1]
HyperVault AI Data Center Limited was incorporated on October 29, 2025; TPG subscribed to 49% for ₹199.4 crore on March 9, 2026.^[1]
TCS and TPG have a joint commitment of up to ₹18,000 crore for the AI data center business (FY26).^[1]
In Q2 FY27 management said data center capacity is built once a contract is secured, with 18-24 months before revenues start.^[3]

Recent developments

On 14 Oct 2026 TCS announced a contract to deploy its TCS BaNCS Global Banking Platform for MyState Limited, after MyState's merger with Auswide Bank.^[6]
In Q2 FY27 TCS announced a partnership with Porsche and a proposed acquisition of MHP, subject to regulatory approvals.^[3]
On 01 Oct 2026 TCS reported acquiring Best Buy's Global Capability Center in India under a multi-year agreement.^[7]
TCS acquired Salesforce consultancy ListEngage for US$69 million (₹612 crore), then invested a further $703 million (₹6,344 crore) to acquire Coastal Cloud (FY26).^[1]
Capital commitments for property, plant and equipment were Rs 2,733 crore net of advances at FY26 end.^[1]

Market Cap

₹9,14,653 Cr

High / Low

₹3,337 / 1,976

Stock P/E

17.7

Price / Book

7.7

Book Value

₹296

EPS

₹136.0

No. of Shares

361.81 Cr

ROCE

63.9%

ROE

48.7%

OPM

26.3%

Debt / Equity

0.00

Sales

₹2,67,021 Cr

Net Profit

₹49,454 Cr

Promoter holding

71.8%

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Tata Consultancy Services Ltd(TCS)

About

Business segments

Services and AI

Key operating numbers

Workforce and delivery

Customers and markets

Vertical trends

HyperVault AI data centres

Recent developments

Signal history

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