TCS growth recovery gradual as deal wins moderate
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓TCS reported revenue of Rs 73,188 crore in Q2FY27, up 11.2% year-on-year.
- ✓While deal wins moderated to $9.6 billion, AI services grew fast, crossing $3.1 billion in revenue.
- ✓The company saw growth in international markets, but India revenue fell 10.3% sequentially.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Financial Express
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The country's largest IT services company reported revenue of Rs 73,188 crore in Q2FY27, up 11.2% year-on-year and 1.3% sequentially. In constant currency terms, which exclude the impact of exchange-rate movements, revenue grew 2.8% year-on-year and 0.5% sequentially, broadly in line with analysts' estimates.
Total contract value (TCV) of deals won during the quarter stood at $9.6 billion, down 4% year-on-year, although it was marginally higher than the $9.5 billion recorded in the preceding quarter. The figure excludes the recently announced Porsche and Best Buy engagements.
Analysts noted that deal bookings had moderated for the second consecutive quarter, with ICICI Securities pointing out that TCV for the first half of FY27 declined 1.5% year-on-year. The brokerage also flagged continued weakness in discretionary spending, particularly in the US and Continental Europe, despite an improvement in international business.
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