TCS CEO K Krithivasan told the Economic Times, “Teams are more enthusiastic compared to Q1, but it is too early to say everything is behind us.”
According to K Krithivasan, CEO of Tata Consultancy Services (TCS), teams are more optimistic today than they were in the first quarter of the fiscal year 2026, indicating a little favorable bias in the macroeconomic situation. The IT company’s chief told the Economic Times that the second half of the current fiscal year 2026 seems to be stronger than the first.
According to Krithivasan, the IT giant said that in the first quarter of the fiscal year 2026, a number of projects were put on hold or postponed as a result of Trump’s severe tariffs. But in the second quarter, which concluded last week, that decreased. “Our people are sounding more upbeat,” he added, adding that the business has performed well across all regions.
“With the exception of consumer business, almost every sector has performed well. As a result, there is hope. He also told the publication, “Teams are more enthusiastic compared to Q1, but it is too early to declare everything is behind us.”
“Clients have adopted a long-term perspective.”
According to Krithivasan, after conversations over the last six to nine months, customers have adopted a long-term perspective following the first effects of Trump’s tariffs. He pointed out that the consumer sector seems to be most affected, particularly discretionary retail. The second half of the year is unquestionably looking better than the first half, he continued.
Krithivasan on the increase in US visa fees:
Krithivasan said that the corporation has been cutting down on the amount of workers deployed overseas in response to Trump’s recent remarks about an increase in US visa fees. “We have only sent around 500 personnel to the US on H-1B thus far this fiscal year. Therefore, it is incorrect to claim that there is a significant reliance on US visas, and more significantly, we are considering a more extensive workforce reform. Therefore, we think it offers us a better chance to employ more people in the area,” he added.
Krithivasan on layoffs at TCS:
Krithivasan said that TCS did not announce layoffs because they wanted to save expenses or because AI was replacing their employment. “We stated our staff has to be future-ready as part of our wider ambition to become the world’s biggest AI-led organization,” he said.
TCS Q2 findings:
On October 9, TCS revealed that its consolidated net profit for the quarter ending September 30, 2025, increased by 1.4% year over year to Rs 12,075 crore, which was little less than what the market had predicted. With a revenue of Rs 65,799 crore for the quarter, it increased by 3.7 percent sequentially and 0.8 percent in constant currency.
History of TCS’s share price:
On October 13, the value of TCS shares was down over 1%, trading at around Rs 3,001.50 per. Over the last six months, the stock has dropped by around 8%, and in the last month, it has dropped by over 4%.
At the moment, the stock’s P/E ratio is about 22.