TCS Q3 net profit drops 14% to 10,720 crore

…1.3%, Latin America up 1.4%, UK de-grew by 3.2%, Continental Europe up 1.4%, Asia pacific grew 3.5%, India de-grew 34.3% and MEA grew by 3.8% YoY. K. Krithivasan, chief executive officer and managing director, said “ The growth momentum we witnessed in Q2FY26 continued in Q3FY26. We remain steadfast in our ambition to become the world’s largest AI-led technology services company, guided by a comprehensive five-pillar strategy. ” He said the momentum would continue in the rest part of the financial year and North American maarket would improve further. “Our AI services now generate $1.8 billion in annualized revenue, reflecting the significant…

…value we provide to clients through targeted investments across the entire AI stack, from Infrastructure to Intelligence,” he said. Aarthi Subramanian, executive director, president and chief operating officer, said “ We continued to see AI acceleration this quarter. We helped customers identify valuable AI opportunities and deployed solutions faster. ” “Our customers continue to invest in Cloud, Data, Cyber and Enterprise Transformations to build readiness for AI. We further strengthened our Salesforce capabilities with Coastal Cloud acquisition, building on our…

…to build readiness for AI. We further strengthened our Salesforce capabilities with Coastal Cloud acquisition, building on our investment in ListEngage,” she said. Samir Seksaria, Chief Financial Officer, said, “ Our sustained margin performance and strong cash conversion this quarter, reflects our disciplined execution and financial resilience. ” “Backed by a robust balance sheet, we continue to invest confidently in strategic growth areas. Executing our five-pillar AI strategy at speed and scale is central to our transformation into an AI-first enterprise,…

…our five-pillar AI strategy at speed and scale is central to our transformation into an AI-first enterprise, and delivering long-term value for our stakeholders,” he said. Sudeep Kunnumal, Chief HR Officer, said “ As of this quarter, there are over 217,000 associates with advanced AI skills, directly powering client success at scale. We doubled our intake of fresh graduates with higher order skills, rapidly expanding our next-generation talent pool. ” “The passion and commitment our associates show in mastering next-gen capabilities gives us the confidence to innovate responsibly and deliver sustainable value as AI reshapes the services landscape,” he added.…