Tata Consultancy Services on Thursday reported a 14.8% year-on-year rise in consolidated net profit to Rs 13,934 crore for the second quarter of FY27. Revenue rose 11.2% to Rs 73,188 crore, slightly beating analyst expectations. Operating margin stood at 24.0%. Total contract value for the quarter was $9.6 billion. The company said its annualized AI revenue had crossed $3.1 billion, more than 10% of total revenue. CEO K Krithivasan said the quarter brought new deals with Porsche and Best Buy. The board declared a second interim dividend of Rs 12 per share, with October 14 as the record date. Workforce strength crossed 598,000, while attrition stayed stable at 13.3%. Krithivasan said the company expects better growth in the second half. “If there are no more tariff-related surprises, Indian IT should slowly recover from this quarter,” an analyst told Reuters. TCS kicks off the IT earnings season, with HCLTech due on October 12 and Infosys on October 23.