India's Tata Consultancy Services rises on AI revenue, international business growth

Tata Consultancy Services

09/10/2026 05:58

** Shares of Tata Consultancy Services TCS.NS rise 5.2% to 2,183 rupees
** IT services exporter's Q2 consolidated profit stood at 138.84 bln rupees ($1.44 bln), beating estimates of 137.97 bln rupees
** Annualized AI revenue in Q2 was at $3.1 bln, crossing 10% share in overall revenue
** Brokerage Jefferies says pickup in overseas revenue growth was a positive
** Morningstar says near-term demand signal remains strong, as TCS added over 13,000 employees over the past two quarters
** There are a few positive underlying trends, HSBC said
** TCS also said it does not expect US suspension of Permanent Labor Certification (PERM) programme for IT companies to have any material impact on its workforce strategy or client engagements
** YTD, TCS down 31% vs 25% fall in Nifty IT index .NIFTYIT

($1 = 96.7300 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))