TCS Revenue History — Quarter by Quarter

TCS's revenue moved from ₹59,300 Cr in Q1 FY24 to ₹70,698 Cr in Q4 FY26, a 19.2% change over 12 quarters. The table keeps each quarter linked back to the underlying earnings page.

Revenue by Quarter

Quarter	Revenue (₹ Cr)	YoY Change
Q4 FY26	₹70,698 Cr	+9.6%
Q3 FY26	₹67,087 Cr	+4.9%
Q2 FY26	₹65,799 Cr	+2.4%
Q1 FY26	₹63,437 Cr	+1.3%
Q4 FY25	₹64,479 Cr	+5.3%
Q3 FY25	₹63,973 Cr	+5.6%
Q2 FY25	₹64,259 Cr	+7.6%
Q1 FY25	₹62,613 Cr	+5.4%
Q4 FY24	₹61,237 Cr	+3.5%
Q3 FY24	₹63,583 Cr	+4%
Q2 FY24	₹59,692 Cr	+7.9%
Q1 FY24	₹59,300 Cr	+12.6%

What management said about revenue

Q4 FY26 · FY27 growth: normal first-half seasonality, no quantified target

Management expects FY27 to start with a normal Q1/Q2 seasonal pattern and is positive on international growth, but refused to quantify growth.

Q4 FY26 · AI revenue expected to outrun traditional-services taper

AI revenue is expected to grow faster and eventually overcompensate for tapering traditional services revenue, but management could not predict the timing.

Q3 FY26 · International revenue growth aspiration for FY26

Management aims to deliver higher international revenue growth in FY26 compared to FY25, with optimism for Q4.

Q3 FY26 · AI services revenue growth trajectory

AI services revenue expected to continue growing at a strong rate, with $1.8B annualized in Q3.

Q3 FY26 · Data center revenue timeline

Revenue from AI data center build-out expected to start ~18 months after anchor customer announcement.

Q2 FY26 · FY26 international revenue growth better than FY25

Management expects constant currency international revenue growth for FY26 to exceed the ~70bps achieved in FY25.

Q1 FY26 · International revenue to improve in FY26 vs FY25

Management expects constant currency international revenue to be better in FY26 than FY25, though overall growth aspiration remains high.

Q1 FY26 · Q2 revenue likely better than Q1 if no further delays

CEO stated Q2 should be at least better than Q1 if no additional project delays occur.

Q4 FY25 · FY26 revenue growth expected to be better than FY25

Management believes FY26 will be better than FY25 based on order book and customer discussions, assuming short-lived uncertainty.

Q4 FY25 · Campus hiring of 40,000+ trainees in FY26

CHRO confirmed campus hiring will be similar or slightly higher than FY25's 42,000, with wage hike timing dependent on clarity.

Q3 FY25 · BSNL revenue to taper from Q4 FY25 through Q2 FY26

The BSNL contract is 70% complete; revenue will start tapering in Q4 and may extend to Q2 FY26. Management expects to replace most of it via other opportunities.

Q3 FY25 · CY25 to be better than CY24 for international business

Management expects stronger growth in CY25 vs CY24, driven by early discretionary recovery and strong deal pipeline, despite BSNL headwinds.