Conference Call with Tata Consultancy Services Management and Analysts on Q2FY26 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Tata Consultancy Services announced Q2FY26 results Revenue at Rs 65,799 crore, up 3.7% QoQ, Sequential growth: 0.8% in Constant Currency. International Revenue grows 0.6% QoQ in Constant Currency. Broad-based growth across verticals, led by continued momentum in BFSI (+1.1% QoQ CC), TSS (+1.8% QoQ CC). Life Sciences and Healthcare (+3.4% QoQ CC), Manufacturing (+1.6% QoQ CC) and CMI (+0.8% QoQ CC) deliver growth amidst industry specific challenges. Operating Margin at 25.2%; an expansion of 70 bps QoQ. Net Income at Rs 12,904 crore, +8.4% YoY | Net Margin at 19.6%. Cash flow from Operations at 110.1% of Net Income. Q2 Total Contract Value (TCV): USD 10 billion. Dividend per share: Rs 11, Record date October 15,2025| Payment date November 4,2025. K Krithivasan, Chief Executive Officer & Managing Director, said: “I am pleased with our strong Q2 performance. I would like to thank all our employees for their dedication and excellence. We are on a journey to become the world’s largest AI-led technology services company. Our journey is anchored in bold transformation across talent, infrastructure, ecosystem partnerships and customer value. The investments including the building of a world-class AI infrastructure business demonstrate our commitment to this transformation.” Aarthi Subramanian, Executive Director - President & Chief Operating Officer, said: “We delivered strong growth momentum led by Data, Cloud and AI powered enterprise transformation. Our customer engagements are focused on rapid value realization to deliver speed, efficiency and growth. TCS' AI Hackathon set a new benchmark – is the largest, most diverse and innovative AI-first culture building initiative. Our new AI and Services Transformation unit will further scale and integrate our efforts.” Samir Seksaria, Chief Financial Officer, said: “We achieved good growth momentum across all verticals this quarter. Our disciplined execution helped us expand our margins while making strategic investments. We have prioritized wage hikes, building future-ready capabilities and establishing new ecosystem partnerships. Looking ahead, our financial resilience and robust balance sheet will support both internal transformation initiatives and external investments aligned with our aspiration.” Sudeep Kunnumal, Chief HR Officer, said: “I am honoured to take over this responsibility as we chart our path to becoming the world’s largest AI-led technology services company. I look forward to working with our employees and all stakeholders as we pursue this exciting vision”. Result PDF