Overview
- In its March quarter results, TCS reported a 12% rise in net profit to ₹13,718 crore and 9.6% revenue growth to ₹70,698 crore, even as full-year revenue fell 2.4% after stripping out currency moves.
- The company closed FY26 with 584,519 employees, a drop of 23,460 year over year, while adding 2,356 staff sequentially as leaders said the layoff cycle has ended and the decline had multiple causes.
- HR chief Sudeep Kunnumal said TCS has issued about 25,000 campus offers in India after onboarding 44,000 trainees last year and will remain a major recruiter.
- AI services revenue crossed $2.3 billion, with new contracts signed with OpenAI and AMD and a record $40.7 billion total contract value for the year that reflects the value of signed deals.
- Salary hikes returned to the usual cycle with bigger raises for top performers, and hiring now targets AI, cloud, cybersecurity and digital engineering as TCS boosts reskilling and uses AI to match staff to projects.