Conference Call with Tata Consultancy Services Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Tata Consultancy Services announced Q1FY26 results Revenue at Rs 63,437 crore, +1.3% YoY, Decline of 3.1% YoY in Constant Currency. Operating Margin at 24.5%; an expansion of 30 bps QoQ. Net Income at Rs 12,760 crore, +6.0% YoY | Net Margin at 20.1%. Net Cash from Operations at Rs 12,804 crore i.e. 100.3% of Net Income. Workforce strength: 613,069 | Net Headcount addition of 6,071 YoY. LTM IT Services attrition rate at 13.8%. Dividend per share: Rs 11 | Record date 16-Jul-2025 | Payment date 04-Aug-2025. K Krithivasan, Chief Executive Officer & Managing Director, said: “The continued global macro-economic and geo-political uncertainties caused a demand contraction. On the positive side, all the new services grew well. We saw robust deal closures during this quarter. We remain closely connected to our customers to help them navigate the challenges impacting their business, through cost optimization, vendor consolidation and AI-led business transformation”. Aarthi Subramanian, Executive Director, President & Chief Operating Officer, said: “Across industries, clients are increasingly shifting their focus from use case based approach to ROI led scaling of AI. We are investing across the AI ecosystem including infrastructure, data platform solutions, AI agents and business applications. Launching TCS SovereignSecureTM Cloud, TCS DigiBOLTTM, and TCS Cyber Defense Suite, to accelerate India’s AI led transformation was a particular highlight of this quarter”. Samir Seksaria, Chief Financial Officer, said: "We continued our investments in long term sustainable growth this quarter. We stayed agile and adapted to the dynamic environment, delivering steady margins. Our industry leading profitability alongside robust cash conversion, positions us well to make strategic investments for the future”. Milind Lakkad, Chief HR Officer, said: “Talent Development is core to TCS. In this quarter, our associates invested 15 million hours in building expertise in emerging technologies, enabling them to lead the transformation journey for our customers. It is gratifying to note that TCS now has 1,14,000 people with higher order AI skills”. Result PDF