TCS records first-ever drop in dollar revenue growth in FY26: Report

Tata Consultancy Services (TCS) reported a 0.5% year-on-year decline in dollar revenue for FY26 at $30,017 million, while in constant currency terms, it was down 2.4%. This marks the first time the company has reported a decline in dollar revenue growth in any fiscal year, CNBC-TV18 reported.

Even during the Covid-hit fiscal year 2021, the company posted a marginal increase of 0.6%. Growth in four of the last five financial years prior to FY26 has been in single digits for TCS, according to the report.