India’s top software services exporter Tata Consultancy Services reported a bigger-than-expected rise in first-quarter revenue on Thursday, helped by higher technology spending by banking clients.Consolidated sales for the June quarter rose 14% to ₹72,275 crore ($7.58 billion), beating analysts’ average estimate of ₹72,030 crore, according to data compiled by LSEG.Tata Consultancy Services said its Q1 order book stood at $9.5 billion. The company rolled out annual wage hikes during the quarter and reported annualised AI revenue of $2.6 billion in Q1 FY27. Its workforce strength stood at 593,798, while last twelve months (LTM) attrition in the IT services business was 13.6 per cent. During the quarter, TCS also signed an $800 million AI-led business deal with SKF.Published on July 9, 2026