TCS posts 14% revenue jump to ₹72,275 cr starting FY27
Tata Consultancy Services (TCS) kicked off fiscal 2027 on a high, posting a 14% jump in revenue to ₹72,275 crore ($7.58 billion), a bit higher than what analysts had predicted.
Net profit also edged up by 4.6% to ₹13,349 crore, thanks to more client spending and some helpful currency moves.
TCS BFSI about 1 3rd revenue
A big part of TCS's growth came from its Banking, Financial Services, and Insurance (BFSI) business, which grew 2.4% and now makes up about one-third of the company's revenue.
AI is also picking up speed for TCS: annualized AI revenue hit $2.6 billion this quarter, up from $2.3 billion last time.
The company scored an $800 million partnership with European manufacturer SKF, showing clients are still betting big on tech solutions.
TCS had also landed two major BFSI deals worth over $1 billion each during the previous fiscal year.