Tata Consultancy Services Limited · NSE:TCS

Tata Consultancy Services — Q1 FY2026-27 Earnings Presentation

24 slides from Tata Consultancy Services's earnings presentation, Jul 9, 2026

  1. Slide 1: TCS Financial Results

    TCS Financial Results Quarter I FY 2026-27 Jul 9, 2026

  2. Slide 2: Disclaimer

    Disclaimer Certain statements in this release concerning our future prospects are forward-looking statements. Forward-looking statements by their nature involve a number of risks and uncertainties that could cause actual results to differ materially from market expectations. These risks and uncertai

  3. Slide 3: Quarterly Financial Performance

    Quarterly Financial Performance

  4. Slide 4: Q1 FY27 Performance Highlights

    Q1 FY27 Performance Highlights ➢ Revenue: - INR Revenue of ₹ 722,750 Mn, up 2.2% QoQ | up 13.9% YoY - USD Revenue of $ 7,624 Mn, Flat QoQ | up 2.7% YoY - Constant currency revenue up 0.4% QoQ | up 3.2% YoY ➢ Profit: - Operating Margin at 24.0% - Net Margin at 19.2% - Cash flow from operations at 93.

  5. Slide 5: Growth Summary (INR)

    Growth Summary (INR) Revenue Q-o-Q Growth Q-o-Q Growth CC 5.4% 706,980 722,750 657,990 670,870 3.7% 634,370 ` Million 2.0% 2.2% -1.6% 0.8% 0.8% 1.2% 0.4% -3.3% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Operating Income* Operating margin (%) 178,700 173,170 165,6

  6. Slide 6: Growth Summary (USD)

    Growth Summary (USD) Revenue Q-o-Q Growth Q-o-Q Growth CC 7,421 7,466 7,509 7,621 7,624 $ Million -0.6% 0.6% 0.8% 1.5% 0.4% 0.8% 1.2% 0.6% 0.0% -3.3% Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Operating Income* Operating margin (%) 1,815 1,879 1,889 1,927 1,826 2

  7. Slide 7: Operational Parameters

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Operational Parameters

  8. Slide 8: Growth by Market

    Growth by Market Q-o-Q Y-o-Y Q-o-Q Y-o-Y Geography (%) Q1 FY26 Q4 FY26 Q1 FY27 CC Growth CC Growth INR Growth INR Growth Americas North America 48.7 48.5 48.3 - 0.4 2.0 1.7 13.0 Latin America 1.9 1.9 2.0 0.6 - 2.1 5.7 18.6 Europe UK 18.0 17.2 17.2 0.3 - 0.6 1.9 8.9 Continental Europe 15.0 15.6 15.4

  9. Slide 9: Growth by Domain

    Growth by Domain Q-o-Q Y-o-Y Q-o-Q Y-o-Y Vertical (%) Q1 FY26 Q4 FY26 Q1 FY27 CC Growth CC Growth INR Growth INR Growth BFSI 32.0 31.6 32.1 1.6 2.4 3.6 14.1 Consumer Business 15.6 15.7 15.0 - 4.0 - 1.2 - 2.2 10.1 Life Sciences & Healthcare 10.2 10.4 10.3 - 1.0 3.5 1.0 15.1 Manufacturing 8.7 8.8 8.7

  10. Slide 10: Client Parameters

    Client Parameters Clients Contribution Q1 FY26 Q4 FY26 Q1 FY27 US$ 1m+ Clients 1336 1397 1401 US$ 5m+ Clients 714 738 746 US$ 10m+ Clients 495 499 504 US$ 20m+ Clients 300 311 307 US$ 50m+ Clients 131 139 139 US$ 100m+ Clients 62 66 66 *Last Twelve Months' services revenues 10

  11. Slide 11: Human Resources

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Human Resources

  12. Slide 12: Total Employee Base

    Total Employee Base Voluntary Attrition*: • 13.6% (LTM), IT Services 613,069 607,979 Diversity: • 35.0 % Women employees 593,314 593,798 584,519 • 148 Nationalities 582,163 *Excluding Subsidiaries Talent Development: • 14.6 Mn Learning Hrs (FY27 YTD) • 1.3 Mn competencies acquired (FY27 YTD) • 312K+

  13. Slide 13: Annexure

    TATA ! { ( KS CONSULTANCY q@ id SERVICES TATA Annexure

  14. Slide 14: IFRS Income Statement

    IFRS Income Statement ₹ Million % of Revenue Consolidated IFRS Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Revenue 634,370 706,980 722,750 100.0 100.0 100.0 Cost of revenue 386,120 419,150 436,510 60.8 59.3 60.4 Gross margin 248,250 287,830 286,240 39.2 40.7 39.6 SG & A expenses 93,110 109,130 1

  15. Slide 15: Expense by Nature

    Expense by Nature ₹ Crore % of Revenue Category Q1 FY26 Q2 FY26* Q3 FY26* Q4 FY26 Q1 FY27* Q1 FY26 Q2 FY26* Q3 FY26* Q4 FY26 Q1 FY27* Employee Cost 37,715 38,606 38,530 40,143 42,137 59.5% 58.7% 57.4% 56.8% 58.3% Fees to External consultants 2,999 3,248 3,491 3,971 4,293 4.7% 4.9% 5.2% 5.6% 5.9% Cos

  16. Slide 16: Cash Flow Summary

    Cash Flow Summary IFRS in ₹ Mn Q1 FY26 Q4 FY26 Q1 FY27 Net Cash from Operations 128,040 146,400 124,120 Capital Expenditure 14,040 11,120 7,500 Acquisition of Subsidiary - 62,100 - Free Cash Flow 114,000 73,180 116,620 Dividends Paid 109,400 206,230 115,230 Operating Cash Flow to Sales (%) 20.2 20.7

  17. Slide 17: IFRS Statement of Financial Position

    IFRS Statement of Financial Position ₹ Million Consolidated IFRS 31-Mar-26 30-Jun-26 Assets Property and equipment 141,800 144,580 Right-of-use Assets 110,270 110,740 Intangible assets and Goodwill 114,370 113,640 Accounts Receivable 577,290 583,520 Unbilled Revenues 181,440 190,720 Invested Funds 5

  18. Slide 18: IFRS Income Statement – In USD

    IFRS Income Statement – In USD $ Million % of Revenue Consolidated IFRS Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Revenue 7,421 7,621 7,624 100.0 100.0 100.0 Cost of revenue 4,517 4,517 4,605 60.8 59.3 60.4 Gross margin 2,904 3,104 3,019 39.2 40.7 39.6 SG & A expenses 1,089 1,177 1,193 14.7 15

  19. Slide 19: Expense by Nature – In USD

    Expense by Nature – In USD $ Million % of Revenue Category Q1 FY26 Q2 FY26* Q3 FY26* Q4 FY26 Q1 FY27* Q1 FY26 Q2 FY26* Q3 FY26* Q4 FY26 Q1 FY27* Employee Cost 4,412 4,381 4,313 4,327 4,445 59.5% 58.7% 57.4% 56.8% 58.3% Fees to External consultants 351 368 391 429 453 4.7% 4.9% 5.2% 5.6% 5.9% Cost of

  20. Slide 20: IFRS Statement of Financial Position in USD

    IFRS Statement of Financial Position in USD $ Million Consolidated IFRS 31-Mar-26 30-Jun-26 Assets Property and equipment 1,500 1,528 Right-of-use Assets 1,166 1,170 Intangible assets and Goodwill 1,211 1,202 Accounts Receivable 6,102 6,165 Unbilled Revenues 1,918 2,015 Invested Funds 5,287 5,306 Ot

  21. Slide 21: Ind AS Income Statement - Consolidated

    Ind AS Income Statement - Consolidated ₹ Crore % of Revenue Consolidated Ind AS Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Revenue 63,437 70,698 72,275 100.0 100.0 100.0 Expenditure a) Employee Costs 37,715 40,143 42,137 59.5 56.8 58.3 b) Cost of equipment and software licences 726 1,444 1,354

  22. Slide 22: Ind AS Balance Sheet - Consolidated

    Ind AS Balance Sheet - Consolidated ₹ Crore Consolidated Ind AS 31-Mar-26 30-Jun-26 Assets Property and equipment 13,697 14,029 Right-of-use Assets 11,027 11,074 Intangible assets and Goodwill 9,263 9,189 Accounts Receivable 57,729 58,352 Unbilled Revenues 18,144 19,072 Invested Funds 50,020 50,232

  23. Slide 23: Currency mix and average realized rates in INR

    Currency mix and average realized rates in INR Average rates % of Revenue Currency Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 USD 85.49 92.77 94.79 49.73% 48.95% 48.65% GBP 115.80 124.72 126.80 15.78% 15.14% 15.10% EUR 98.04 108.08 109.76 11.65% 11.86% 11.88% Others 22.84% 24.05% 24.37% Total 1

  24. Slide 24: Thank you

    Thank you Copyright © 2026 Tata Consultancy Services Limited

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