Tata Consultancy Services (TCS), India’s top IT company, has kicked off FY26 with a bang. In TCS Q1, the company posted deal wins worth $9.4 billion. That’s a 13.2% jump from last year. It also beat analyst estimates of $8-9 billion. This shows that despite tough global conditions, TCS is still closing big deals.
The growth came mainly from banking, financial services, and insurance (BFSI), along with energy, utilities, and tech services. These areas showed strong demand. However, other verticals like manufacturing, healthcare, and consumer business saw a dip.
CEO K Krithivasan said global uncertainty is real. But despite that, TCS saw strong deal closures. He added that TCS is helping clients save costs, simplify vendors, and go big on AI-led transformation.
Big Deals in TCS Q1
TCS is not just winning deals — it’s winning smart. The quarter saw multiple AI and digital innovation deals. Big names like Schneider Electric and Marathon de Paris signed on. The company also closed tech platform upgrades for ICICI Securities and Dhofar Insurance in Oman. The BSNL 4G deal was extended, and Virgin Atlantic signed up for digital transformation work.
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Profit and Revenue Performance
TCS also reported a 6% jump in net profit, reaching Rs 12,760 crore. This number beat analyst expectations, which were set at Rs 12,263 crore. Revenue for the quarter grew to Rs 63,437 crore, a 1.3% increase year-on-year. That’s slightly below what the Street expected, but still a solid start to the year.
The company also declared an interim dividend of Rs 11 per share.
What This Means
TCS is showing that Indian IT is still strong. Even in a weak economy, TCS is growing. It’s not just about old-school IT anymore. With AI, data, and platform deals, TCS is staying future-ready. And with Indian firms tightening budgets, TCS is stepping in with cost-cutting tech solutions.
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