TATA CONSULTANCY SERVICES LTD. — Q4FY26 earnings call summary

Filed 14 April 2026 · Official transcript

Management confident on FY27 growth with positive demand momentum and AI-led transformation
FY26 revenue declined 2.4% in constant currency; operating margin expanded 70 bps to 25%, highest in 4 years
HyperVault business progressing towards 1 GW AI infrastructure capacity
BFSI, Consumer, Manufacturing, Technology verticals showed mixed but improving trends
Q4FY26 revenue grew 1.2% sequentially in constant currency; operating margin 25.3%, net margin 19.4%
Q4 total contract value (TCV) $12 billion including 3 mega deals
Annualized AI services revenue surpassed $2.3 billion
Salary increments announced effective April 1; wage hike impact ~150-200 bps on margins