TCS Q1: AI run-rate hits $2.6 billion after Anthropic, Mistral partnerships; SKF anchors $9.5 billion deal wins

Tata Consultancy Services’ total deal wins have come in at $9.5 billion. The tech giant has pushed its annualised AI revenue to $2.6 billion for the quarter ended June 30, up 13.6% from the previous three months, as the country’s largest IT services company leaned on artificial intelligence to anchor a clutch of new client deals and technology partnerships.

The AI run-rate, disclosed as part of the company’s Q1 FY27 earnings, came even as overall revenue grew a modest 0.4% quarter-on-quarter in constant currency. Revenue for the quarter stood at Rs 72,275 crore, up 2.2% sequentially and 13.9% year-on-year in rupee terms.