TCS Q1 Results: Profit rises 5% YoY to Rs 13,349 crore; co declares Rs 12/share dividend
- Tata Consultancy Services reported a consolidated net profit of Rs 13,349 crore for Q1 FY27, down 2.7% quarter-on-quarter with revenue rising approximately 14% year-on-year to Rs 72,275 crore, surpassing estimates due to strong technology spending and a weak rupee.
- The company's annualized AI revenue reached $2.6 billion in the June quarter, up 13.6% sequentially, supported by AI-led deals including an $800 million contract with SKF and partnerships with ServiceNow, Anthropic, and Mistral.
- Tata Consultancy Services declared an interim dividend of Rs 12 per equity share, with a record date set for July 15, 2026, and payment scheduled for July 31, 2026.
- At the end of the quarter, the company had 593,798 employees and an IT services attrition rate of 13.6%, with CEO K Krithivasan noting a strong order book of $9.5 billion and ongoing growth despite geopolitical and macroeconomic headwinds.
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TCS Reports 2.7% Sequential Decline in Q1 Net Profit; Revenue Grows
Get latest articles and stories on Business at LatestLY. Tata Consultancy Services (TCS) on Thursday reported a 2.7 per cent quarter-on-quarter decline in consolidated net profit to Rs 13,349 crore for the quarter ended June 2026, while revenue from operations rose to Rs 72,275 crore, according to the company's audited consolidated financial results. Business News | TCS Reports 2.7% Sequential Decline in Q1 Net Profit; Revenue Grows.
TCS Q1 net profit rises 5% to Rs 13,349 crore
The country's largest IT services firm Tata Consultancy Services (TCS) on Thursday posted a 4.6 per cent increase in its consolidated net profit at Rs 13,349 crore for the quarter ended June 2026, compared to Rs 12,760 crore in the year-ago period. However, the net profit was sequentially down by 2.7 per cent in the first quarter largely due to a one-time Rs 668 crore legal settlement with respect to the DXC Technology case.
TCS Q1 Result: Amid global challenges, TCS's profit rose 4.62 percent year-on-year to ₹13,349 crore. In the same quarter last year, the company's net profit was ₹12,760 crore.
TCS Q1 results: Revenue jumps 14%; IT major declares Rs 12 interim dividend
The company posted double-digit growth in both revenue and profit, helped by steady demand from clients, especially in the banking and financial services sector. It also announced an interim dividend of Rs 12 per share for its shareholders.
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