TCS and HCLTech Q3 Earnings Highlight AI Impact on Revenue Growth
DATA AND AI INFRASTRUCTURE
Tata Consultancy Services (TCS) reported a 0.8% quarter-on-quarter revenue increase in Q3 FY26, with operating margins steady at 25.2%, while HCLTech saw a 4.2% revenue growth driven by AI-related spending and significant deal wins. TCS's AI revenue reached an annualized rate of USD 1.8 billion, and HCLTech raised its FY26 growth guidance to 4.75-5.25%. Despite these positive developments, analysts expressed concerns over narrow revenue growth and potential macroeconomic risks impacting demand recovery.
Jan 15, 2026, 6:15 AM
