Tata Consultancy Services (TCS) reported a strong rise in profit for the second quarter of financial year 2026-27 (Q2 FY27), with consolidated net profit increasing 14.86% year-on-year to Rs 13,934 crore.
The company had reported a net profit of Rs 12,131 crore in the same quarter last year. Revenue from operations also grew 11.22% year-on-year to Rs 73,188 crore from Rs 65,799 crore a year earlier.
TCS said its annualised AI revenue stood at $3.1 billion in the second quarter, crossing the 10% mark of the company’s revenue.
The IT services major reported a total contract value (TCV) of $9.6 billion during the quarter. Its operating margin stood at 24%.
Net cash from operations came in at Rs 14,190 crore, which was equivalent to 102.2% of the company’s net income.
TCS had a total workforce of 5,98,056 employees at the end of the quarter. The company’s trailing 12-month attrition in its IT services business stood at 13.3%.
The TCS board declared a second interim dividend of Rs 12 per equity share of face value Re 1 each for FY27.
The record date for determining eligible shareholders has been fixed as October 14, 2026. The dividend will be paid on October 30, 2026.
TCS CEO and Managing Director K Krithivasan said the company saw broad-based growth across its international markets and most industry segments.
During the quarter, TCS announced two deals with Porsche and Best Buy. The company said these deals represent a new category of transformation partnerships focused on building repeatable value platforms and scaling the use of artificial intelligence.