TCS optimistic despite 2.4% decline in revenue

BENGALURU: TCS remains optimistic about growth despite a muted FY26 performance, citing strong AI-led momentum and a steady deal pipeline. The company reported a 2.4% decline in constant-currency revenue-which excludes the impact of exchange rate fluctuations-while in dollar terms, revenue fell 0.5% to $30 billion.

However, operating margin rose 70 basis points to 25%, a four-year high, even as the company continued to invest in growth initiatives.