Tata Consultancy Services (TCS) reported a 0.5% year-on-year decline in dollar revenue for FY26 at $30,017 million, while in constant currency terms, it was down 2.4%. This marks the first time the company has reported a decline in dollar revenue growth in any fiscal year, CNBC-TV18 reported. Growth in four of the last five financial years prior to FY26 has been in single digits for TCS, according to the report. The company reported rupee revenue growth of 5.4% QoQ, reaching ₹70,698 crore, while constant currency growth stood at 1.2%. The $315 billion sector, employing about 5.9 million people, last reported double-digit revenue growth in the March 2023 ​quarter.

Source: Mint April 09, 2026 15:20 UTC