TATA CONSULTANCY SERVICES LTD. — Q2FY27 earnings call summary

Filed 14 October 2026 · Official transcript

Multiple analyst queries on AI revenue growth, margin trajectory, and subcontracting costs; management reiterated focus on disciplined margin improvement and growth investments
Operating margin stable at 24%; net margin 19%; investments prioritized in AI, partnerships, talent
Q2FY27 revenue ₹73,188 crore, +0.5% sequentially and +2.8% y-y in constant currency
International revenue grew 1.2% sequentially; BFSI +2.5%, Manufacturing +3.1%, Technology +3.1% sequentially
Annualized AI revenue crossed $3.1 billion, over 10% of total revenue
TCV $9.6 billion; strategic AI-led deals with Porsche, Best Buy, and MHP acquisition underway
Workforce at 598,056; learning hours +17% QoQ; attrition reduced to 13.3%
Management confident in medium-term growth momentum and AI-driven transformation