TATA CONSULTANCY SERVICES LTD.

Tata Consultancy Services (TCS) has announced the deployment of its TCS BaNCS for Treasury platform at Indian Bank's Colombo branch in Sri Lanka. This marks the entry of TCS BaNCS for Treasury into the Sri Lankan market. The integrated platform aims to enhance real-time risk visibility, improve straight-through processing, and provide a scalable foundation for Indian Bank's overseas treasury operations. The deployment will modernize money market, investment management, and foreign exchange operations, enabling unified deal processing, stronger risk controls, and compliance-ready reporting. This expansion reinforces TCS's partnership with Indian Bank, following successful deployments in India and GIFT City.

Tata Consultancy Services (TCS) has announced the successful completion of its acquisition of BBY Services India LLP. This strategic move, initially announced on October 1, 2026, has now been finalized on October 15, 2026. As a result of this acquisition, BBY Services India LLP will now operate as a wholly owned subsidiary of TCS, further strengthening the company's operational capabilities and market presence.

Tata Consultancy Services (TCS) has launched the TCS Industrial Intelligence Foundry, a new AI offering designed to help industrial enterprises accelerate the deployment of AI applications across their engineering and manufacturing value chains. This domain-specific solution provides a repository of configurable AI agents, workflows, and governance capabilities, enabling companies to move beyond AI experimentation to scaled implementation. The Foundry aims to embed intelligence into core processes for sectors like aerospace, mobility, and energy. TCS estimates that the offering can reduce new product introduction timelines by 25% and improve manufacturing productivity by 20-25%, with potential gains exceeding 40% as data foundations mature. It addresses the need for context-aware industrial AI, integrating domain knowledge with operational data to deliver actionable outcomes and accelerate autonomy.

Tata Consultancy Services (TCS) has been selected by MyState Limited, an Australian financial institution, to deploy its TCS BaNCS Global Banking Platform. This platform will support MyState Bank's core banking transformation and the consolidation of operations following its merger with Auswide Bank. The implementation aims to streamline operations, consolidate multiple banking systems, business processes, data repositories, and customer servicing capabilities into a single operating model. This will enhance customer experience and support future acquisitions and growth. The platform's AI-enabled capabilities, model-bank architecture, and API-led integration are expected to simplify the technology landscape, improve operational efficiency, and accelerate innovation.

Tata Consultancy Services (TCS) has acknowledged the US Government's announcement regarding the Permanent Labor Certification Program (PERM). TCS stated they will comply with any directives from the Department of Labor. The company emphasized its strategy of hiring local talent in the US, supported by a campus recruitment model, and highlighted its existing significant local workforce across 31 offices. TCS plans to hire an additional 15,000 people in the US over the next five years. Given that their PERM applications have been in the single digits over the past two years, TCS does not anticipate any impact on its workforce strategy or customer engagements due to the program's suspension.

Tata Consultancy Services Ltd (TCS) announced the declaration of its second interim dividend of INR 12 per equity share for the financial year 2026-27. This dividend is payable on Friday, October 30, 2026, to shareholders of record as of Wednesday, October 14, 2026. The decision was made during a Board of Directors meeting where the audited standalone and consolidated financial results for the quarter and six-month period ended September 30, 2026, were also approved.

Tata Consultancy Services Ltd (TCS) announced the approval and declaration of its second interim dividend for the financial year 2026-27. The dividend amounts to INR 12 per Equity Share of INR 1 each. The payment date for this dividend is set for Friday, October 30, 2026. The record date, used to determine eligible shareholders, is Wednesday, October 14, 2026. This declaration was made following the approval of audited standalone and consolidated financial results for the quarter and six-month period ended September 30, 2026, by the Board of Directors.

Tata Consultancy Services (TCS) reported its Q2 FY27 results with consolidated revenue at ₹73,188 crore, a 1.3% increase quarter-over-quarter (QoQ) and 11.2% year-over-year (YoY) in INR. Net profit stood at ₹13,884 crore, with a net profit margin of 19.0%. The company announced significant strategic wins, including a five-year partnership with Porsche AG and the acquisition of its consulting subsidiary MHP, along with an agreement to transition Best Buy's Global Capability Center (GCC) in India. Annualized AI revenue crossed 10% of total revenue, reaching US$ 3.1 billion. Total Contract Value (TCV) for the quarter was US$ 9.6 billion. The company declared a dividend of ₹12 per share. Workforce strength was 598,056, with LTM attrition at 13.3%.

Tata Consultancy Services Ltd announced its audited standalone and consolidated financial results for the quarter and six-month period ended September 30, 2026. The Board of Directors also approved and declared a second interim dividend of INR 12 per Equity Share for the financial year 2026-27. The dividend will be paid on October 30, 2026, to shareholders of record on October 14, 2026. The results were prepared in accordance with Indian Accounting Standards.

TCS reported consolidated revenue of ₹73,188 Cr (+11.2% YoY, +1.3% QoQ) and PAT of ₹13,934 Cr (+14.9% YoY, +3.8% QoQ) for Q2 FY27, with basic EPS at ₹38.37 versus ₹36.90 last quarter and ₹33.37 a year ago. Standalone PAT came in at ₹14,104 Cr (EPS ₹38.98). Crucially, this was the only one of the three compared quarters with zero exceptional items — Q1 FY27 carried a ₹668 Cr legal-settlement charge and Q2 FY26 a ₹1,135 Cr restructuring charge — so the headline growth rates overstate the underlying trend. Adjusting both comparison quarters for their one-offs (same effective tax rate applied back), underlying PAT growth is a much more modest +7.3% YoY and roughly flat (+0.1%) QoQ — well below the +11.2% YoY revenue growth, pointing to margin compression rather than operating leverage. Segment-level operating income (ex-exceptionals) works out to ~23.6% of revenue this quarter versus ~24.8% a year ago and ~23.6% last quarter — down ~120 bps YoY and flat sequentially — and still short of the 25%-plus exit-margin target management laid out on the July concall. The effective tax rate was broadly stable at ~25.2% (24.5% a year ago, 25.2% last quarter), so the margin shortfall, not tax, is the swing factor in the adjusted profit growth. Street positioning (Kotak Institutional Equities, pre-result preview) had flagged ~0.5% QoQ constant-currency revenue growth and roughly 100 bps of YoY margin decline with broadly stable sequential margins — directionally this is what played out on margins, though the reported INR revenue growth (+1.3% QoQ, +11.2% YoY) runs hotter than the CC guide, partly a currency effect this filing doesn't disaggregate. No standalone management press release was included in this filing, so management's own framing of the quarter cannot be quoted or reconciled here. Alongside results, the Board declared a second interim dividend of ₹12/share for FY27 (record date October 14, payable October 30), and TCS Netherlands signed a definitive agreement during the quarter to acquire 100% of MHP Management- und IT-Beratung GmbH, an automotive, SAP and manufacturing-digitalization consulting firm, for an enterprise value of EUR 320 million (~₹3,484 Cr) — alongside the previously flagged nominal-value absorption of Best Buy's India capability center. Management had guided to demand "resuming in Q2" after citing near-term geopolitical and macro headwinds on the July call; a QoQ revenue uptick of just 1.3% in INR terms is a tepid confirmation at best. With adjusted margin still short of the 25%-plus exit target and the MHP deal yet to close, the next quarter's margin trajectory and the pace of any demand recovery are the key markers to track.