India’s leading IT services giant, Tata Consultancy Services (TCS), reported its financial results for the second quarter (Q2) on Thursday, October 8, 2026, delivering a bottom-line beat against street projections. The software bellwether posted a consolidated net profit of ₹13,884 crore, surpassing Bloomberg and market consensus forecasts of ₹13,673 crore. Consolidated quarterly revenue climbed to ₹73,188 crore, reflecting sequential operational expansion alongside strong artificial intelligence monetization and steady deal conversions across global enterprise markets. Alongside the solid numbers, the company’s board rewarded investors by declaring an interim dividend of ₹12 per equity share, setting October 30, 2026, as the official record date for the payout.
EBIT Margin Holds at 24% as Dollar Revenue Reaches $7,642 Million
The IT major delivered balanced operational performance across key currency and profitability metrics:
Operating Profit Performance: Operating profit (EBIT) came in at ₹17,553 crore, compared to market estimates of ₹17,738 crore, keeping the company’s EBIT margin steady at 24% against an expected 24.2%.
Currency and Top-Line Inflow: Revenue in US dollar terms rose to $7,642 million, matching expectations against a projected $7,657 million, while Constant Currency (CC) revenue growth printed at 0.5% quarter-on-quarter.
Quarter-on-Quarter Acceleration: Comparing sequentially with Q1, net profit improved from ₹13,349 crore to ₹13,884 crore, revenue advanced from ₹72,275 crore to ₹73,188 crore, and dollar income increased from $7,624 million to $7,642 million, illustrating resilience across international delivery centers.
AI Dominance Crosses $3.1 Billion with $9.6 Billion Total Contract Value
TCS demonstrated massive scaling in new-age tech adoption while maintaining heavy deal-signing velocity:
Double-Digit AI Footprint: Revenue driven by Artificial Intelligence (AI) solutions crossed $3.1 billion in the September quarter, now representing a commanding 10% of total company revenue.
Order Book Expansion: Total Contract Value (TCV) for the second quarter touched $9.6 billion, up from $9.5 billion in the preceding quarter, driven by large enterprise cloud and digital transformation migrations.
Attrition Eases Downward: Human resources health witnessed further stability as the 12-month trailing IT services attrition rate cooled from 13.6% down to 13.3%.
Workforce Expansion Continues: Reflecting business pipeline confidence, TCS expanded its talent pool for the third consecutive quarter by onboarding 4,258 net employees, taking its total staff strength to 5.98 lakh.