)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Tata Consultancy Services
Tata Consultancy Services (TCS) investor relations material
Tata Consultancy Services Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 25/26 earnings summary12 Jan, 2026
Executive summary
Q3 FY26 revenue reached INR 67,087 crore (INR 670,870 Mn), up 2% QoQ and 4.9% YoY; USD revenue at $7,509 Mn, up 0.6% QoQ but down 0.4% YoY; constant currency growth was 0.8% sequentially.
Operating margin held steady at 25.2% (excluding one-offs/exceptional items); net income margin was 20%.
TCV for Q3 was $9.3 billion, with North America contributing $4.9 billion and BFSI $3.8 billion.
AI services annualized revenue hit $1.8 billion, growing 17.3% quarter-on-quarter in constant currency.
Interim dividend of INR 11/share and special dividend of INR 46/share declared, totaling INR 57/share.
Financial highlights
Consolidated revenue for Q3 FY26 was INR 67,087 crore, up from INR 63,973 crore in Q3 FY25.
Net profit for Q3 FY26 was INR 10,720 crore; EPS up 8.5% YoY to 37.14.
Net cash from operations was $1.6 billion (130.4% of net income); invested funds at $7.1 billion.
Gross margin improved to 40.8% in Q3 FY26 from 39.6% in Q2 FY26.
Free cash flow at INR 124,230 Mn; total cash and investments at INR 640,970 Mn.
Outlook and guidance
Management expects continued growth in international markets and BFSI as seasonality effects subside.
AI and data services expected to drive growth across all industry segments.
Order book for FY26 projected at $38–39 billion, supporting growth into FY27.
Margins targeted to move closer to the traditional 26–28% band.
Company continues to monitor regulatory changes, especially new Labour Codes.
Breakdown of new Labour Codes' 2,128 Cr impact
Coastal Cloud acquisition's strategic importance
What is the status of the CSC legal claim appeal
What drives North America's low CC growth?
Why are $100M+ clients down YoY?
Impact of AI skills on future revenue
What specific AI project types drive current growth?
What signals North America's growth improvement?
How will ongoing labor code impact be managed?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Tata Consultancy Services earnings date
Q4 25/269 Apr, 2026
Tata Consultancy Services
Next Tata Consultancy Services earnings date
Q4 25/269 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Tata Consultancy Services Limited provides information technology and IT enabled services worldwide. It offers consulting and business solutions, such as business process outsourcing, data warehousing, enterprise solution based on SAP, Oracle, Siebel, PeopleSoft, etc., knowledge process outsourcing comprising finance and accounting, procurement and supply chain management to aerospace/aviation, banking and financial services, engineering/construction/infrastructure, insurance and manufacturing verticals. Tata Consultancy Services Limited is a subsidiary of Tata Sons Private Limited.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage