Q1-FY24 · K. Krithivasan
Our going in position is, we always said that the technology spend in the long term is likely to be strong, and that's validated by the TCV that we have in multiple verticals and geographies.
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TCS · tone and specificity signals across the available quarters.
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Q1-FY24 · K. Krithivasan
We are starting to engage with many of our customers in helping them, one, define their GenAI transformation strategy. Two, to define appropriate data strategy and platforms. Three, to define and enforce the guardrails to leverage and implement GenAI.
Q1-FY24 · N. Ganapathy Subramaniam
I think, you know, people will be more comfortable signing such smaller deals because it gives them that flexibility. And then they are also able to, given the recessionary trends and things like that, they also want to sign up more short-term deals where, you know, the return on investments, as Krithi pointed out, is seen.
Q1-FY25 · K. Krithivasan
We still believe it's too early to call whether the growth momentum is sustainable, because the market conditions continue to remain same as it was last quarter.
Q1-FY25 · K. Krithivasan
Our AI and GenAI pipeline has doubled in the quarter to $1.5 billion.
Q1-FY25 · Samir Seksaria
We stay committed to the 26-28 aspirational band, which we have been talking about.
Q1-FY26 · K Krithivasan
We saw cost pressures in our customers causing previously unseen project costs, deferrals, and decision delays that resulted in less-than-expected revenue conversion.
Q1-FY26 · K Krithivasan
If there are no further delays, Q2 should be at least better than Q1, but we need to wait and watch based on what happens in the market.
Q1-FY26 · K Krithivasan
We are not starting seeing that so far. Because, as you know, even with China, they have a framework deal. The actual deal and tariffs have not been announced.
Q2-FY24 · Samir Seksaria
Our guiding does remain 26%-28%, and with your best wishes, hopefully soon.
Q2-FY24 · N. Ganapathy Subramaniam
I think it's safe to assume that the planning horizon for all of this, especially in this sector and given what's happening, probably a fortnight.
Q2-FY24 · N. Ganapathy Subramaniam
If AI delivers that kind of a productivity, I think the demand for consultants will be so high that we'll end up hiring a lot more.
Q2-FY25 · K. Krithivasan
Our performance in this quarter demonstrated the resilience of our diversified portfolio amidst an uncertain geopolitical situation.
Q2-FY25 · Samir Seksaria
We'd like to get to 26%-28% or nearer to 26% as soon as possible. I'd be really happy if we can exit this year Q4 also at 26.
Q2-FY25 · K. Krithivasan
GenAI conversations are fueling an increase in conversation around traditional AI and automation.
Q2-FY26 · K. Krithivasan
We have delivered a good performance in the backdrop of continued macro challenges.
Q2-FY26 · K. Krithivasan
TCS will become the largest AI-led technology services company, enabling business, government, and society.
Q2-FY26 · K. Krithivasan
We are not chasing a particular number here, but we will continue to do this throughout the year.
Q3-FY24 · K. Krithivasan
Our revenues grew by 1.7% year-on-year and 1% quarter-on-quarter on a constant currency basis. Our rupee revenue grew by 4% to reach INR 63,583 crore.
Q3-FY24 · K. Krithivasan
Our continued focus on operational excellence helped us achieve an operating margin of 25%, which represents a sequential margin expansion of 75 basis points.
Q3-FY24 · K. Krithivasan
I think still we are not in a position to call whether this macro... From our perspective, situations has not, that hasn't changed much.
Q3-FY25 · K. Krithivasan
The highlight of the quarter was our exceptionally strong and broad-based TCV at $10.2 billion.
Q3-FY25 · K. Krithivasan
We are seeing early signs of revival in discretionary spend in BFSI and retail.
Q3-FY25 · K. Krithivasan
Agentic AI represents the next step of maturity in the exponentially evolving space of AI.
Q3-FY26 · K. Krithivasan
We remain steadfast in our ambition to become the world's largest AI-led technology services company, guided by a comprehensive five-pillar strategy.
Q3-FY26 · K. Krithivasan
Our AI services now generate $1.8 billion in annualized revenue and is growing at 17.3% quarter on quarter in constant currency.
Q3-FY26 · Aarthi Subramanian
We are seeing increased traction, good momentum across our client base. We expect AI revenues to continue to grow with a strong growth rate.
Q4-FY24 · K. Krithivasan
We are wrapping up the last quarter of financial year 2024 with the strongest sequential revenue growth in many quarters and all-time high TCV, and an operating margin of 26% for the quarter, highest in the last 12 quarters.
Q4-FY24 · K. Krithivasan
Our caution comes from the headwinds that we face... the short-term demand still remains not very clear or volatile.
Q4-FY24 · Samir Seksaria
We believe some of the levers, like the subcontractor cost, might have bottomed out. But with our focus on disciplined execution, we believe still levers like pyramid pricing and utilization can help us.
Q4-FY25 · K Krithivasan
We are observing delays in decision-making and project starting with respect to discretionary investments.
Q4-FY25 · Samir Seksaria
Uncertainty provides an opportunity and we'll use this opportunity from a cost optimization perspective as well.
Q4-FY25 · K Krithivasan
The only visibility is the order book, whether you want to call it hope or aspiration. It's for you to guess.
Q4-FY26 · K. Krithivasan
You would expect the AI revenues to increase. You would expect some of the traditional revenues to slowly taper down.
Q4-FY26 · Samir Seksaria
The program towards restructuring has been completed.
Q4-FY26 · K. Krithivasan
We believe margin and growth are not conflicting with one another.