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.
Tata Consultancy Services (TCS), India's biggest software services company, reported a strong set of earnings for the first quarter of FY27 on Thursday. 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.
REVENUE AND PROFIT GROW
TCS reported a consolidated net profit of Rs 13,349 crore for the quarter ended June 2026. Its consolidated revenue rose 14% year-on-year to Rs 72,275 crore, beating market expectations.
The company said higher technology spending by banking clients supported growth during the quarter, even as businesses across sectors continue to invest in digital transformation and artificial intelligence (AI).
TCS reported an order book of $9.5 billion for the June quarter, reflecting healthy demand for its services. One of the key wins during the quarter was an AI-led business deal worth $800 million with SKF.
The company also said its annualised AI-related revenue reached $2.6 billion in the first quarter, highlighting the growing contribution of AI to its business.
WORKFORCE AND DIVIDEND
TCS ended the quarter with a workforce of 593,798 employees, while its last twelve months (LTM) attrition rate in IT services stood at 13.6%. The company also rolled out its annual wage hikes during the quarter.
Along with its quarterly results, TCS announced an interim dividend of Rs 12 per share, offering another payout to shareholders as the company began the new financial year on a positive note.
Tata Consultancy Services (TCS), India's biggest software services company, reported a strong set of earnings for the first quarter of FY27 on Thursday. 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.
REVENUE AND PROFIT GROW
TCS reported a consolidated net profit of Rs 13,349 crore for the quarter ended June 2026. Its consolidated revenue rose 14% year-on-year to Rs 72,275 crore, beating market expectations.
The company said higher technology spending by banking clients supported growth during the quarter, even as businesses across sectors continue to invest in digital transformation and artificial intelligence (AI).
TCS reported an order book of $9.5 billion for the June quarter, reflecting healthy demand for its services. One of the key wins during the quarter was an AI-led business deal worth $800 million with SKF.
The company also said its annualised AI-related revenue reached $2.6 billion in the first quarter, highlighting the growing contribution of AI to its business.
WORKFORCE AND DIVIDEND
TCS ended the quarter with a workforce of 593,798 employees, while its last twelve months (LTM) attrition rate in IT services stood at 13.6%. The company also rolled out its annual wage hikes during the quarter.
Along with its quarterly results, TCS announced an interim dividend of Rs 12 per share, offering another payout to shareholders as the company began the new financial year on a positive note.
