Business news · AI & Tech · 09 Jul 2026
AI: India AI · Enterprise software · TCS — more AI news
Tata Consultancy Services reported April-June quarter revenue of Rs 72,275 crore, 2.2% more than the previous quarter, and consolidated net profit of Rs 13,349 crore, 2.7% lower sequentially. The company said its annualised AI revenue reached $2.6 billion, 13.6% above the prior quarter, and that it signed contracts with a total value of $9.5 billion. Named wins included an $800 million AI-led business transformation deal with SKF and a partnership with ServiceNow.
TCS is the first large Indian IT exporter to give a running dollar figure for AI work: $2.6 billion annualised, growing 13.6% in one quarter while group revenue grew 2.2%. The $9.5 billion of contract value signed in the quarter, including the $800 million SKF deal, is the pipeline that feeds later revenue. The figures set a reference point for how peers such as Infosys, HCLTech and Wipro describe the AI share of their own order books.
Reported by IIFL Capital — “TCS Results: Net Profit at ₹13,349 Crore, Revenue Grows to ₹72,275 Crore; Declares ₹12 Interim Dividend” ↗ on 09 Jul 2026.
NSE stocks, from the last close on or before 09 Jul 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Information Technology | 40 | +7.0% | 25 of 40 | +13.3 pts |
| All tracked stocks | 804 | -6.3% | 285 of 804 | — |
| Company | Then | Now | Move |
|---|---|---|---|
| Tata Consultancy Services Ltd. TCS | ₹2,049.5 | ₹2,465 | +20.3% |
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