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TCS announces Q2 FY 2027 results and declares ₹12 per share dividend
TCS also confirmed a five year Porsche partnership, including plans to create a dedicated AI Mobility Centre of Excellence and acquire MHP via its subsidiary, subject to regulatory approvals.
Tata Consultancy Services announced its second quarterly results of FY 2027, alongside a dividend of ₹12 per share with a payment date and a record date, according to LiveMint Markets.
The company also outlined key items to watch in the quarter, including revenue, profit, margins, AI deals, hiring, and attrition, as it reported Q2 FY 2027 results, LiveMint Markets said.
TCS further confirmed a five year strategic partnership with Porsche AG, under which it will establish a dedicated AI Mobility Centre of Excellence for Porsche to support innovation across manufacturing, engineering, operations, and customer experience.
As part of the Porsche arrangement, TCS said its subsidiary will acquire 100% of MHP Management und IT-Beratung GmbH, Porsche’s Germany based management and IT consulting subsidiary, and that the partnership and acquisition remain subject to regulatory approvals, per LiveMint Markets.