TCS

Strong Q1 FY27 performance

Strong Q1 FY27 performance: TCS reported steady revenue growth with healthy operating margins. The company also announced a robust order book with US$9.5 billion in total contract value (TCV), reflecting strong client demand. Large AI deal wins: TCS secured several major AI-led transformation projects, including an US$800 million deal with SKF, a multi-million-dollar strategic partnership with ABB, and additional large enterprise AI contracts. Leadership restructuring: The company has reorganized its leadership structure and created five new business units to improve execution, particularly in North America and AI-focused businesses. Aggressive AI expansion: TCS plans to significantly expand its AI deployment capabilities by training and deploying thousands of AI engineers while also evaluating AI-related acquisitions. New AI innovation centers: TCS launched an Industrial AI Solutions Lab in Bengaluru powered by NVIDIA and a Gemini Experience Center with Google Cloud in Kolkata to accelerate enterprise AI adoption. AI Excellence Centre: TCS inaugurated its first AI Excellence Centre in eastern India at Haldia Institute of Technology to strengthen AI research, innovation, and talent development. Interim dividend: The company declared an interim dividend of ₹12 per share following its quarterly results. Positive outlook: Management remains optimistic about demand for AI, cloud modernization, and digital transformation despite a cautious global IT spending environment. The strong deal pipeline is expected to support medium-term growth.