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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Tata Consultancy Services
Tata Consultancy Services (TCS) investor relations material
Tata Consultancy Services Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary8 Oct, 2026
Executive summary
Q2 FY27 revenue was ₹73,188 crore, up 1.3% QoQ and 11.2% YoY in INR; constant-currency growth was 0.5% QoQ and 2.8% YoY.
Q2 consolidated net profit was ₹13,934 crore, up from ₹12,131 crore a year earlier.
TCV was $9.6B, excluding the Porsche and Best Buy deals; annualized AI revenue reached $3.1B.
Medium-term growth confidence was supported by pipeline, client discussions and scaling enterprise AI adoption.
A second interim dividend of ₹12 per share was declared, payable October 30, 2026 to shareholders on record October 14, 2026.
Financial highlights
USD revenue was $7,642M, up 0.2% QoQ and 2.4% YoY; international revenue grew 1.2% sequentially in constant currency.
Q2 total income was ₹74,525 crore; profit before tax was ₹18,638 crore, versus ₹16,068 crore YoY.
H1 revenue was ₹1,45,463 crore and net profit ₹27,354 crore, versus ₹1,29,236 crore and ₹24,950 crore, respectively, a year earlier.
Operating income was ₹17,301 crore for Q2 and ₹33,677 crore for H1.
EPS was ₹38.37 for Q2 and ₹75.27 for H1.
Outlook and guidance
Management expressed medium-term growth confidence based on TCV, pipeline and client conversations, while avoiding a near-term quarterly growth call.
Long-term margin aspiration remains 26%-28%; near-term priority is investment for growth, with an aim to inch margins up from 24%.
Q3 furlough patterns were expected to resemble prior years; deferred India projects were expected to return over the medium term.
Data-center revenue is expected to begin 18-24 months after a contract is secured.
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Latest events from Tata Consultancy Services
- Q1 FY27 revenue grew 13.9% YoY, with strong order book, robust margins, and a ₹12 interim dividend.TCS
Q1 26/27 - Phased AI data center rollout targets high-density, efficient infrastructure for AI growth.TCSFireside Chat
- Q4 delivered strong revenue growth, record AI revenue, and major acquisitions amid non-recurring expenses.TCSQ4 25/26
- AI-led transformation accelerates growth, innovation, and customer value across all service lines.TCSAnalyst Day 2025
- Revenue rose 1.3% YoY in INR, but fell 3.1% in CC; margins and order book remained strong.TCSQ1 25/26 (Media)
- Revenue up 7.6% YoY, net income at INR 11,909 crore, India market up 95.2% YoY.TCSQ2 24/25
- Revenue up 5.4% YoY, margin at 24.7%, India led growth, but risks persist.TCSQ1 24/25 (Media)
- Q1 FY25 revenue up 5.4% YoY, net income up 8.7%, with strong India-led growth and robust order book.TCSQ1 24/25
- Q3 FY25 saw revenue of ₹63,973 crore, net profit of ₹12,444 crore, and a ₹76/share dividend.TCSQ3 24/25
Next Tata Consultancy Services earnings date
Q3 26/2711 Jan, 2027
Tata Consultancy Services
Next Tata Consultancy Services earnings date
Q3 26/2711 Jan, 2027
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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.