Tata Consultancy Services Ltd

532540: XBOM (IND)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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TCS Earnings: Healthy but Imbalanced Underlying Demand Supports In-Line Performance

Luke Yang

Oct 8, 2026

Tata Consultancy Services reported in-line second-quarter results. Total revenue grew 3% year over year in constant currency, led by strong performance from financial services and technology customers. Operating margin fell to 24% due to a 50-basis-point headwind from the MHP acquisition.

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Tata Consultancy Services Ltd

TCS Earnings: Healthy but Imbalanced Underlying Demand Supports In-Line Performance

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