- TCS reported annualized AI revenue of $2.6B in Q2, up 13.6% QoQ. Key AI deals: $800M contract with SKF, ServiceNow multi‑million pact, Europe Fortune 50 multi‑million deal. Total deals $9.5B.
- TCS won a multi-year, multi-million deal with ABB to run its global AI-driven network-as-a-service, cyber security and digital infrastructure. Shares jumped about 5% intraday to ~₹2,182.
- TCS announced a leadership reshuffle and created five new business units—ServiceNow, travel & transport, energy & utilities, US West Coast, and global autonomous businesses—each led by a new head
- Kotak Institutional Equities added Tata Consultancy Services (TCS) to its model portfolio on July 13 with a 150 bps weight, citing cheap valuation and sector underweight concerns.
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Key facts: TCS $2.6B AI revenue; wins ABB deal; creates five units
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TCS reported annualized AI revenue of $2.6B in Q2, up 13.6% QoQ. Key AI deals: $800M contract with SKF, ServiceNow multi‑million pact, Europe Fortune 50 multi‑million deal. Total d