Tata Consultancy Services Limited
Tata Consultancy Services is the flagship company and a part of Tata group. It is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions.
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TCS's subsidiary, HyperVault, will establish a large-scale AI data center campus in Telangana with up to 1GW capacity. The project involves an investment of Rs 70,000 crore and aims to support frontier AI companies and hyperscalers.
TCS's subsidiary is acquiring MHP, a Porsche unit, for €320 million, anchoring a long-term AI transformation partnership. Porsche also committed a €1.25 billion strategic deal with TCS and MHP, boosting TCS's presence in automotive AI and digital transformation.
TCS investigated alerts regarding old employee data exposure, finding no credible breach of its systems or customer environments. The company confirms strong safeguards are effective, with no impact on customer data or operational systems.
TCS reported Q1 consolidated revenue of ₹72,275 Cr and profit of ₹13,420 Cr. The Board approved a ₹12/share interim dividend. A significant ₹668 Cr exceptional charge for a legal claim settlement impacted quarterly earnings.
TCS reported Q1 revenue of ₹72,275 Cr and net income of ₹13,849 Cr. Secured a strong TCV of US$9.5 billion, including an US$800 million AI-led transformation deal with SKF. Annualized AI revenue hit US$2.6 billion, driven by new partnerships and solutions.