TCS Q1 Revenue Grows 2.7% to $7.6B; Workforce Expands by Over 9,000

Tata Consultancy Services posted revenue of $7.6 billion in the June quarter, reflecting a 2.7% year-on-year rise. The IT giant added more than 9,000 employees during the period, signalling a notable expansion in headcount. However, consolidated net profit fell sequentially following a one-time legal charge. Operating margins also dipped due to annual wage revisions, with the company targeting a return to 25% margins. TCS further stated that artificial intelligence is expected to transform job roles rather than eliminate them, potentially generating new categories of work.