TATA CONSULTANCY SERVICES LTD. — Q1FY27 earnings call summary

Filed 15 July 2026 · Official transcript

BFSI and Tech segments show growth; Consumer and Life Sciences soft but expected to recover
Management optimistic on demand recovery in Q2 FY27 despite geopolitical uncertainties
Q1 FY27 revenue ₹72,275 crore, +2.2% q-o-q, +13.9% y-o-y; operating margin 24%, down 130 bps q-o-q
Annualized AI services revenue $2.6 billion, up 13.6% q-o-q
Strong TCV of $9.5 billion including $800 million mega AI-led deal with SKF
Client focus on AI-led transformation, modernization, cybersecurity, sovereign cloud
Wage hikes impacted margins by 170 bps; investments in AI capabilities and talent ongoing
Workforce at 593,798; campus hiring focused on AI-native skills