Tata Consultancy Services

The mandate puts TCS on a large New York airport infrastructure build. It is the second marquee announcement from the company this week, after the AI transformation deal disclosed the previous day, and extends the IT major's run of large multi-year engagements outside its traditional services base.

The engagement will transform ABB's global network operations using artificial intelligence across the industrial group's worldwide sites, adding to TCS's growing book of large AI-led transformation contracts and the kind of multi-year annuity work that anchors revenue visibility.

CEO Krithivasan said 1 to 1.5 percent of associates will be forward-deployed engineers, about 5,900 to 8,900 on the end-June headcount, while the firm evaluates acquisitions in AI, data security and cybersecurity after years of shunning M&A; he argues AI creates fresh integration work rather than eroding the outsourcing model.

Revenue rose 13.9% YoY to Rs 72,275 crore (CC flat at 0.4%), EBIT margin slipped to 25.6% on the annual wage hike, the AI business scaled to a $2.6bn run-rate, and the board declared a Rs 12 interim dividend.

The print follows Accenture's weak FY27 guidance, which cracked the Nifty IT index 6% on 19 June, keeping BFSI budget caution in focus for TCS.

The named, multi-year win adds to the large-deal pipeline investors watch most closely for TCS revenue momentum.