TCS

TCS exited Q4 with 1.2Current reported value: 1.2. No comparable prior figure is available in the source record.% sequential constant-currency growth after three quarters of sequential recovery, while rupee revenue rose 9.6Current 9.6 crore vs previous available quarter 4.9 crore.% YoY to ₹70,698Current reported value: 70,698. No comparable prior figure is available in the source record. crore. The quarter's signal is not just headline growth, but demand stabilization: $12 billionCurrent $12 billion. Reported change: Includes 3 mega deals. TCV, three mega deals, and client additions across every revenue band after roughly two years. AI is becoming a commercial wedge, with annualized AI revenue above $2.3 billionCurrent $2.3 billion. Reported change: Now roughly 6.5-7% of total revenue by analyst estimate., but management also admitted traditional service lines may taper as AI productivity benefits are passed to clients. Operating margin held at 25.3Current reported value: 25.3. No comparable prior figure is available in the source record.% in Q4, helped by currency and operating levers, while wage hikes and build-partner-acquire investments will pressure FY27. Outlook is cautiously constructive: deal momentum and AI demand are improving, but macro/geopolitical risk, BFSI caution, elevated SG&A, and uncertain AI cannibalization timelines limit conviction.