Tata Consultancy Services Limited is among six firms whose new and pending US PERM labour certification applications were suspended by the US Department of Labor, but Kotak Institutional Equities expects no meaningful impact on its delivery or earnings due to increased US local hiring and a small, declining visa-dependent workforce.

Tata Consultancy Services Limited declared a Rs 12 per share interim dividend on Re 1 face value with October 14, 2026 as record date, alongside Q2FY27 consolidated net profit of Rs 13,884 crore, up 15% from Rs 12,075 crore a year ago.

Tata Consultancy Services Limited said about 80% of its future hires will have digital and Artificial Intelligence skills, with 25-30% of its 4,500 Q2 additions being pure AI talent. Chief Operating Officer Arathi Subramanian and CEO K Krithivasan said AI-led work was 10% of September-quarter revenue and rising AI deal volumes should support profit margins, with AI present in virtually all work and clients expanding pilot projects.

Tata Consultancy Services Executive Director, President and Chief Operating Officer Aarthi Subramanian said the Tata Sons board tussle has had no impact on Tata Consultancy Services. The comment came alongside discussion of the company's second quarter FY27 performance, improved demand in its largest BFSI vertical, and artificial intelligence revenue crossing 10% of overall revenue.

Tata Consultancy Services Limited will pay no quarterly variable allowance for the September quarter to employees in grade C3A and above, typically staff with 7-10 years experience up to senior management, after missing internal performance targets, while junior employees will receive 100% of eligible pay.

Tata Consultancy Services Limited reported Q2 consolidated net profit of Rs 13,884 crore on revenue of Rs 73,188 crore with 24% margin and $9.6 billion in deal wins. Nomura maintained Buy with Rs 2,630 target, while Citi maintained Sell with Rs 1,840 target, with HSBC, JPMorgan, Goldman Sachs and CLSA between Hold and Buy. The US government suspended the company from the PERM programme amid investigations, which Tata Consultancy Services Limited said had minimal impact given single-digit applications in two years.

Tata Consultancy Services Limited onboarded 10,000 freshers in Q2 FY27, taking total headcount to 598,056 as of June 30, 2026, and said it will continue demand-based lateral and fresher hiring with focus on AI and domain skills, while subcontracting costs rose to 6.8% of revenue and attrition stood at 13.3%.

Tata Consultancy Services Limited, referred to as Tata in the source, was named by US Secretary of Labor Keith Sonderling among major IT firms to be suspended from a US skilled-worker permanent residency programme over alleged fraud.

Tata Consultancy Services Limited is directly affected by the GST Council's decision to remove the same-establishment restriction, so services for a foreign client delivered through its own branch abroad can qualify as exports and ease GST refund claims on inputs.

Tata Consultancy Services announced a five-year strategic partnership with Porsche AG including acquisition of 100% of MHP and establishment of an AI Mobility Centre of Excellence, alongside an agreement with Best Buy to transition Best Buy's India Global Capability Center into an AI Capability Center. Tata Consultancy Services also reported Q2 revenue of Rs 73,188 crore, annualised AI revenue of $3.1 billion and total contract value of $9.6 billion.

Tata Consultancy Services Limited said its board at a meeting held on October 8 declared a second interim dividend of Rs 12 per equity share of Re 1 face value for financial year 2026-27, as disclosed in its BSE filing.

Tata Consultancy Services reported fiscal second-quarter net profit of Rs 13,884 crore, up 4% quarter-on-quarter, with consolidated revenue from operations up 1.26% at Rs 73,188 crore.

Tata Consultancy Services Limited is set to announce Q2 FY27 results on 8 October 2026, with its board expected to consider a second interim dividend with a 14 October 2026 record date. At Rs 2,104, its trailing 12-month payout of Rs 111 per share implies a yield of around 5.28%, supported by recent payouts including Rs 12 in July 2026, Rs 31 in May 2026 and a Rs 46 special plus Rs 11 interim in January 2026. Analysts Mohit Gulati and Gaurav Arora said the elevated yield largely reflects a roughly one-third fall in the stock in 2026.

Tata Consultancy Services Limited announced it was cutting 12,000 jobs worldwide, mostly in India, as rapid advances in AI disrupted India's IT outsourcing business and slowed entry-level hiring across large IT services companies.