Analyst Concall
Entering FY27 with confidence regarding orders, says TCS
This story was originally published at 21:27 IST on 9 April 2026
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--TCS: See indications of growth returning to mid-sized, large accounts
--CONTEXT: Comments by TCS management at post-earnings concall with analysts
--TCS: Entering FY27 with confidence with respect to orders
--TCS: Positive on international business growth in FY27
--TCS: Employee restructuring programme has been completed
--TCS: Working closely with Anthropic, will announce partnership very soon
--TCS: Impact of geopolitical tensions limited to travel, transport industry
--TCS: Will not shy away from investments for growth, profitability
--TCS: Most headwinds are behind co, by and large
--TCS: Deals being renewed on time, by and large
By Shakshi Jain and Anand JC
NEW DELHI – Tata Consultancy Services Ltd. has entered the financial year 2026-27 (Apr-Mar) with confidence, where it comes to order flow and traction in services, the management of the information technology services major said in a post-earnings conference call with analysts Thursday.
"We've a good orderbook getting into FY27...Our new-age services are also gaining traction. So, overall we're getting into the next year (FY27) with a lot of positivity and confidence," Chief Executive Officer and Managing Director K. Krithivasan said. He said the company is also positive on growth in its international business.
The sector bellwether's total contract value for the March quarter was $12 billion and that for the full year was $40.7 billion. It signed three mega deals during the quarter and five such deals during FY26.
The company added two new clients during the year in the $100 million-plus club, nine clients in the $50 million-plus category, and 65 clients in the $1 million-plus band. This speaks of the early signs of stability and growth returning to mid-sized and large accounts, Krithivasan said.
Krithivasan said the impact of the war in West Asia is so far limited to the company's work in the region and to some extent the travel and transportation industry. However, if tensions persist, the impact may be seen in other areas, he said.
According to Krithivasan, the company is now past all known client-specific headwinds. "By and large, most of the headwinds we know... are behind us, except few that may come up or that we have already accounted for...But I think most of the issues are behind us."
The chief executive added that deals are seeing largely on-time renewals. Krithivasan said the company's employee restructuring programme, which was undertaken in FY26, is now done.
Another senior executive said the company will not shy away from making the "right investments" to ensure strategic growth with profitability. "...stepping into FY27, the immediate headwind would be the annual increments (salary hikes)," the executive said.
TCS had announced salary increments for its associates, across grades, effective Apr. 1. "...in September, we were able to give increments to 80% associates, the senior executive associates we did not give at that time. So, we wanted to ensure that when we restart our increment cycle, we reset it and start for everyone," the management said. Top performers at the company have been issued a double-digit wage hike.
A third executive said the company is already working 'significantly' with Anthropic PBC and will be announcing a strategic partnership with them in the near future.
Earlier Thursday, the company reported a near-29% sequential rise in its consolidated net profit for the March quarter to INR 137.18 billion. Its consolidated revenue for the quarter rose over 5% sequentially to INR 706.98 billion.
TCS reported its results post market hours. On the National Stock Exchange, shares of the company ended over 1% higher at INR 2,589. End
US$1 = INR 92.65
Edited by Ashish Shirke
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