Tata Consultancy Services (TCS), India's largest IT services company, is set to announce its financial performance for the second quarter of FY27 on Thursday, October 8, with the Street largely anticipating another soft quarter from the tech bellwether.
Indian tech majors are expected to post a modest sequential performance, rather than a meaningful revival in demand. Accenture's latest results support this view, with its management stating that overall demand, including discretionary spending, did not meaningfully change during the quarter.
However, analysts expect TCS Q2 to be better than Q1, based on an uptick in July and August. However, September is likely to have been affected by rate hikes and weakness in the Middle East, particularly in the manufacturing and retail sectors.
TCS had released its June-quarter results after market hours and is therefore expected to announce its Q2FY27 results after market hours, around a similar time. The board is also expected to consider an interim dividend.
The company has announced a interim dividend of ₹12 per equity share in Q1. In FY26, TCS returned ₹39,571 crore to shareholders through dividends.