TCS said that the Marks & Spencer service desk contract referred to in the report went through a regular competitive tender process beginning January 2025 -- 'much prior to the cyber incident in April 2025'.
There could be relief rally, but the IT major is unlikely to come out of its sluggish growth phase in a hurry
TCS Q2 FY26 Results: Tata Consultancy Services second quarter net profit slightly missed expectations. India's largest IT firm unveiled an ambitious plan to build a 1 GW capacity AI datacentre in India.
The country’s largest software exporter, led by CEO K Krithivasan, will announce its second-quarter results after market hours.
Gurnani said that the move reflects the humanization of AI, which means that while some routine jobs may be cut, new jobs may be created.
TCS reported a 6% rise in Q1 net profit to Rs 12,760 crore, beating expectations. The company’s revenue from operations meanwhile rose 1.3% to Rs 63,437 crore during the quarter under review.
The company managed to beat the analyst estimates of $8-9 billion in deal wins in Q1, seeing positive year-on-year growth in constant currency in BFSI and energy, resources and utilities, technology & services verticals.
TCS share price: The company had said that its board will meet on July 10 to consider and approve earnings results and a dividend for shareholders.
IT stocks: Analysts have suggested that the IT sector may see a soft earnings season, amid global uncertainties.
IT stocks: Tech-heavy Nasdaq index closed at a record high level following the US Fed chief's testimony.
The two newly launched delivery centers in Germany will help automakers in developing and deploying the company's software-driven services, TCS said.
Notably, the IT stocks have seen significant volatility in the recent days amid US President Donald Trump’s tariff flip-flops.
Tejas Network said that it will supply Radio Access Network (RAN) and other equipment worth Rs 1,525.53 crore to TCS for this project.
The move by US and China to slash reciprocal tariffs helped calm fears, fuelling optimism across IT firms which derive a significant portion of their revenue from overseas clients, particularly in the US.
The United States Federal Open Market Committee will announce its policy decision on Wednesday, May 7.
The report shows that out of the $425 million raised for charities causes by 50 marathons, TCS-supported marathons raised $279 million
Stocks to Watch, 11 Apr: Stocks like TARC, Bharti Hexacom, Infosys, Aurobindo Pharma, Bharat Heavy Electricals, Bank of India, Tata Steel, Sanofi India, Punjab National Bank, Axiscades Technologies, JSW Energy, Eternal, Federal Bank, Bajaj Healthcare, SRF, Samvardhana Motherson International, IIFL Finance, and Northern Arc Capital will be in focus on April 11.
TCS CEO K Krithivasan said the IT major expects calendar year 2025 to be better that CY2024. "FY26 will be better than FY25, though there will be some short term uncertainties," he said
TCS is likely to report a modest 5 percent year-on-year rise in revenue to Rs 64,840 crore.
Property owners will get personalised access to customer support using their preferred channels via the digital service platform, TCS announced in its press release.
Mphasis led the decline, tumbling 3.79 percent to Rs 2,360 per share on the NSE.
The momentum is expected to remain positive, but considering the 1,000-point rally over the last two sessions, some consolidation cannot be ruled out. Below are some trading ideas for the near term.
The contract requires TCS to provide digital solution for automatic enrolment of workers in Ireland. TCS will oversee scheme to enable enrolment, manage records and disbursement of benefits.
A slow demand recovery and margin contraction hit TCS's second quarter earnings, but going forward, tech and BFSI demand recovery will aid revenue, while BSNL deal unwinding will help margins.
Tata Sons held 71.74 percent of the IT bellwether at the end of June 2024 quarter, showed exchange data