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Tata Consultancy Services Ltd (TCS) is a global IT services, consulting, and business solutions company. It offers a wide range of services including artificial intelligence, cloud computing, cognitive business operations, cybersecurity, data analytics, and digital engineering. TCS serves various industry sectors such as banking, financial services, insurance, manufacturing, consumer business, communications, media, technology, life sciences, and healthcare. The company has a global presence with operations in 55 countries and employs over 592,000 consultants. TCS is part of the Tata Group and is headquartered in Mumbai, India. It provides services through its Secure Borderless Workspaces model, enabling distributed and location-independent delivery. TCS also offers various software products and platforms including TCS ADD, TCS BaNCS, TCS CHROMA, and TCS OmniStore. The company has partnerships with major cloud providers and operates innovation centers called Pace Ports in multiple locations worldwide.
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Company insights, generated from the most recent coverage.
TCS remains the largest contributor to Tata Sons' income, providing the financial stability needed to fund strategic bets like Air India and semiconductors despite their long gestation periods.
TCS stock fell 5.36% on the day of N Chandrasekaran's exit announcement, contributing to a ₹64,000 crore intraday loss across the Tata Group, highlighting extreme sensitivity to holding company governance news.
Demonstrated 40% efficiency gains and 30% cost savings via AI platforms provide tangible ROI evidence, strengthening TCS's ability to secure value-based engagements over traditional time-and-materials contracts.
The Quarter story
The two most recent quarterly results, compared side-by-side.
TCS delivers steady revenue and profit growth with a stable client base, though margin compression and slower cash conversion require attention.
Revenue grew from ₹634,370 Cr in Q1 FY26 to ₹722,750 Cr in Q1 FY27, confirming robust top-line expansion.
Net Margin dipped from 20.12% in Q1 FY26 to 19.2% in Q1 FY27, signaling slight profitability compression.
Client Count [US$ 10m+] grew from 495 in Q1 FY26 to 504 in Q1 FY27, reflecting steady mid-market expansion.
Operating Cash Flow to Sales fell from 20.2% in Q1 FY26 to 17.2% in Q1 FY27, indicating tighter cash realization.
Average Realized Rate [USD] climbed from 85.49 INR in Q1 FY26 to 94.79 INR in Q1 FY27, supporting stronger revenue translation.
Accounts Receivable climbed from ₹531,030 Cr in Q1 FY26 to ₹583,520 Cr in Q1 FY27, reflecting longer billing cycles.
Capital Expenditure fell from ₹14,040 Cr in Q1 FY26 to ₹7,500 Cr in Q1 FY27, signaling disciplined asset investment.
Order book TCV moved from $9.4B in Q1 FY26 to $9.5B in Q1 FY27, with a sharp Q4 spike indicating lumpy deal recognition.
Voluntary LTM attrition held steady from 13.8% in Q1 FY26 to 13.6% in Q1 FY27, showing stable workforce retention.
Unbilled Revenues rose from ₹161,560 Cr in Q1 FY26 to ₹190,720 Cr in Q1 FY27, signaling growing work-in-progress backlog.