Tata Consultancy Services Limited — Investor Meet, 14-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

TCS reported a 3.1% year-on-year constant currency revenue decline to $7.42 billion for the quarter, with operating margin at 24.5%. Management cited continued project delays and intensified decision slowdowns due to global uncertainties. Despite these headwinds, total contract value (TCV) signed remained robust at $9.4 billion, up 13.2% year-on-year, indicating a healthy pipeline. The company is confident in medium-to-long-term demand and is prioritizing AI adoption and client cost optimization. Efforts are underway to improve utilization after capacity build-up. International markets are expected to perform better in FY26.