Overview

• TCS will publish audited Q2 FY26 results after market close on Oct. 9, with an analyst call at 7 p.m., while the scheduled press conference has been canceled out of respect for Ratan Tata.
• Broker previews point to muted, low‑single‑digit revenue growth with largely steady margins supported by rupee depreciation, as wage hikes and potential separation costs remain watch items.
• TCS has confirmed plans to cut roughly 12,000–12,200 roles (about 2% of staff), primarily at middle and senior levels, and investors seek clarity on restructuring costs, headcount trends and morale.
• US policy shifts—higher H‑1B fees and proposed reciprocal tariffs—are a key overhang for costs and delivery models; scrutiny has extended to lawmakers’ questions on H‑1B practices alongside layoffs.
• Deal flow remains a focus after TCS disclosed a €550 million, seven‑year Tryg contract, with some brokerages estimating quarterly TCV could top $10 billion; the board will also consider a second interim dividend with Oct. 15 as the record date if approved.