Tata Consultancy Services (TCS) closed FY26 with a modest recovery in quarterly growth, but not enough to offset a broader slowdown that pushed it into its first full-year revenue decline in dollar terms since listing. On Thursday, TCS reported a 0.5% decline in full-year revenue in dollar terms to $30.08 billion, alongside a 3.5% rise in net profit. Fourth quarter revenues registered a 5.4% sequential rise to ₹70,698 crore and full-year revenue rose 4.6% to ₹2,67,021 crore. “Results are in line with expectations; a revenue decline was baked in last year itself,” said Sushovon Nayak, lead IT analyst at Anand Rathi Institutional Equities. Banks, consumer companies, and utilities companies make up more than half of the company’s full-year revenue.

Source: Mint April 09, 2026 17:57 UTC