Financial Results
published on Jul 10, 2025
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Report Overview:
Report Outline:
TCS has announced its Q1 FY26 results, for the period ending June 30, 2025:
- Revenues: $7,421m, down 1.1% y/y, down 3.1% y/y in CC
- Operating income: $1,818m, a margin of 24.5%, flat y/y.
Q1 FY26 revenue share by geography (approx. revenue) and y/y CC growth was:
- North America: 48.7% ($3,615m), –2.7%
- Latin America: 1.9% ($141m), +3.5%
- U.K.: 18.0% ($1,336m), –1.3%
- Continental Europe: 15.0% ($1,113m), –3.1%
- India: 5.8% ($431m), –21.7%
- APAC: 8.4% ($623m), +3.6%
- MEA: 2.2% ($163m), +9.4%.
Q1 FY26 revenue mix by vertical (approx. revenue) and y/y CC growth was:
- BFSI: 32.0% ($2,375m), +1.0%
- Consumer Business: 15.6% ($1,157m), –3.1%
- Life Sciences & Healthcare: 10.2% ($757m), –9.6%
- Manufacturing: 8.7% ($646m), –4.0%
- Technology & Services: 8.4% ($623m), +1.8%
- Communication & Media: 5.8% ($430m), –9.6%
- Energy & Resources: 5.9% ($438m), +2.8%
- Regional Markets & Others: 13.4% ($995m), –8.6%.
The number of clients generating an annual revenue of (and at end Q4 FY25) was:
- $10m+ clients: 495 (from 497)
- $20m+ clients: 300 (from 294)
- $50m+ clients: 131 (from 134)
- $100m+ clients: 62 (from 64).
Headcount as at end Q1 FY26 was 613,069, up ~6,071 y/y and +5,715 sequentially.
Q1 FY26 LTM attrition was 13.8%.