Tata Consultancy Services (TCS), India’s largest IT services exporter, opened the financial year on a positive note, posting a nearly 6 per cent rise in its net profit for the June quarter of FY26. The company reported a Total Contract Value (TCV) of $9.4 billion in the first quarter of FY26, showcasing strong deal momentum despite global economic challenges.
TCS reported a consolidated net profit of Rs 12,760 crore in Q1FY26, up from Rs 12,040 crore in the same quarter a year ago. Revenue from operations also increased marginally by 1.32 per cent to Rs 63,437 crore compared to Rs 62,613 crore in the corresponding quarter last year.
AI and cloud-led deals dominate Q1, TCS says
TCS said clients are scaling up their investments in next-generation technologies to streamline operations and improve customer experiences. “We saw robust deal closures during this quarter,” said K Krithivasan, CEO and MD of TCS. “We remain closely connected to our customers to help them navigate the challenges impacting their business through cost optimization, vendor consolidation and AI-led business transformation.”
The company also noted that services such as AI & Data, Cloud, Cyber Security, and Enterprise Solutions drove growth. Aarthi Subramanian, COO, added, “We are investing across the AI ecosystem including infrastructure, data platform solutions, AI agents and business applications.”
Major clients win in Q1
WisdomNext TCS partnered with a leading consumer electronics retailer to build an enterprise-scale GenAI ecosystem using its AI platform WisdomNext™, aimed at creating leaner, autonomous business processes. This initiative includes self-serve apps, agentic automation, and strong governance frameworks.
TCS also teamed up with Vianai Systems to offer GenAI-powered real-time analytics for C-suite leaders through the hila platform, enabling data-driven decisions without requiring deep technical skills.
» Read More
