TCS Revenue Rises 11%, Declares ₹12 Per Share Dividend
What Happened
Tata Consultancy Services reported a 15% year-on-year rise in Q2 FY27 net profit to ₹13,884 crore, while revenue grew 11.2% to ₹73,188 crore. The company also announced a second interim dividend of ₹12 per share. Annualised AI revenue crossed $3.1 billion, accounting for more than 10% of total revenue.
Key Takeaways
The results suggest TCS is benefiting from strong demand for AI-led transformation projects despite a challenging environment for IT spending. The company reported a $9.6 billion total contract value (TCV) for the quarter, indicating a healthy deal pipeline.