Tata Consultancy Services (TCS) reported steady performance for Q4 and FY26, underpinned by strong deal wins and accelerating enterprise AI adoption, with CEO K. Krithivasan highlighting the company’s “AI-led positioning” as a key growth driver amid macroeconomic uncertainty.

“We are pleased to report the third consecutive quarter of sequential growth supported by three mega deals and a $12 billion TCV, underscoring the strength of our five-pillar strategy and our AI-led positioning across services,” said K Krithivasan.

For Q4FY26, TCS posted revenue of $7.62 billion, reflecting a 1.5 per cent quarter-on-quarter growth (1.2 per cent in constant currency). For the full year, revenue stood at $30.02 billion, marking a marginal decline of 0.5 per cent year-on-year (-2.4 per cent in constant currency), indicating continued macro headwinds.

A key highlight is TCS’s growing AI business, with annualised AI revenue crossing $2.3 billion in Q4. The company reported strong traction in enterprise AI adoption across sectors, supported by its investments in platforms such as HyperVault and partnerships with global technology leaders, including OpenAI, AMD, and NVIDIA.

Profitability remained robust, with FY26 operating margin at 25 per cent (up 70 basis points YoY) and net margin at 19.8 per cent (up 80 basis points YoY), both at four-year highs. The company also recorded strong deal momentum, with total contract value (TCV) reaching $40.7 billion for FY26 and $12 billion in Q4, including multiple mega deals.

TCS continued to invest heavily in AI talent and capabilities, with over 270,000 employees now trained in AI/ML and 69 million learning hours recorded during the year.

Looking ahead, TCS expects sustained demand for AI-led transformation, as enterprises increasingly prioritise automation, cloud modernisation, and data-driven operations. The company’s expanding ecosystem partnerships and infrastructure investments position it to capitalise on the next wave of AI-driven enterprise growth.