TCS Q1 revenue up 13.9%, total contract value $9.5B
Net profit at ₹13,849 crore, up 8.5% YoY, with a $9.5B order book including an $800M AI deal with SKF. Interim dividend of ₹12 per share. Numbers confirm previously disclosed board meeting outcome.
— 11 earlier stories on Tata Consultancy Services Ltd. →What's new
- Revenue ₹72,275 crore, profit ₹13,849 crore (both up double-digits YoY)
- Total contract value of $9.5 billion, led by $800 million SKF AI deal
- Operating margin 24.0%, IT attrition eases to 13.6%
Why this matters
The Q1 numbers were pre-announced and the press release adds no material new information. Still, the $9.5 billion order book and stable margins confirm TCS is off to a solid start in FY27. The deal pipeline remains strong across BFSI and regional markets.
What we're watching
- Conversion of $9.5 billion TCV into revenue over coming quarters
- Whether the Anthropic Claude deployment across 50,000 staff drives product innovation
- If margin can sustain above 24% as attrition stays low
The full read
TCS opened FY27 with 13.9% revenue growth to ₹72,275 crore and net profit of ₹13,849 crore, up 8.5% YoY. The board declared an interim dividend of ₹12 per share. The headline number, however, is the $9.5 billion total contract value, anchored by an $800 million AI-led transformation deal with SKF and expanded partnerships with ServiceNow and Anthropic – the latter equipping 50,000 staff with Claude. Operating margin held at 24.0%, while IT services attrition eased to 13.6%. Net cash from operations stood at ₹12,412 crore. None of this is new – the numbers were already out from the board meeting – but the order book confirms the growth trajectory. A steady start.
Questions answered
- What were TCS's Q1 FY27 revenue and profit?
- Revenue was ₹72,275 crore, up 13.9% YoY. Net profit excluding exceptional items was ₹13,849 crore, up 8.5% YoY.
- What major deals did TCS win this quarter?
- Total contract value was $9.5 billion, including an $800 million AI-led transformation deal with SKF, a partnership with ServiceNow, and expanded work with Anthropic.
- Was the $70 million DXC lawsuit settlement included in these numbers?
- No, the $70 million settlement was treated as an exceptional item and excluded from the net profit of ₹13,849 crore.
- How did attrition and headcount change?
- IT services attrition eased to 13.6%, and headcount reached 593,798.
- Did the press release contain any new material information beyond the earlier board meeting outcome?
- No, the financial figures, dividend, and major deal wins were already disclosed. The press release only adds client engagement colour, which does not move the stock.
Tata Consultancy Services Ltd.
Latest quarter · Jun 2026
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All notes on TCS →- 9 Jul 2026 · 4:02 PM IST TCS Q1 revenue up 13.9%, total contract value $9.5B
- 1d ago TCS sees AI boom but flags Q1 softening and tone shift
- 1d ago TCS Q1 profit up 4.7% to ₹13,420 cr; DXC charge already priced in
- 1d ago TCS Q1 net profit up 4.7% as DXC charge is old news
- 1d ago TCS Q1 profit up 4.7% as revenue grows 13.9%; DXC charge already in view