TCS reported 2QFY27 USD revenue of USD7.6b, rising 0.5% QoQ in CC, in line with our estimate of 0.5% QoQ CC growth. 2Q growth was led by Manufacturing/Hi-Tech/BFSI, which grew 3.1%/3.1%/2.5% QoQ CC, while regional markets/consumer business declined 5.8%/0.7% QoQ CC.